SEDG trade ideas
Symmetrical Triangle Inverse Head & ShouldersInverse head and shoulders as well which must break the neckline with a trend to the upside to meet long entry level.
Earnings were yesterday. The news does not always equal the reaction so time will tell.
The triangle is neutral until a trendline is broken with a trend in the direction
No recommendation.
The market can be irrational and sometimes everything is interpreted positively and other times negatively.
$SEDG a Potential Solar Leader$SEDG 7 weeks up straight from the bottom. Remember what O'Neil says about stocks that are up 5 + weeks in a row?
The pivot can really use few more quite days. Would love to get on this name but need a low risk point to do so.
Will be watching it. A potential solar leader.
SEDG Long bull flagFlag Momentum Burst entry, long, 1R Target.
Established uptrend
Strong, linear move
Volatility contraction moves back into the channel
Negative day prior to breakout
Entry on momentum candle -
Should see candle close near the high in order to hold and expect to see follow-through, otherwise move stop up tightly or close.
SEDG PredictionsI'm using this as a guide to play earnings. I think earnings are priced in after the move seen in conjunction with with ENPH. Its possible the surprise is enough to move the entire channel up with a bottom around current levels but I think we're more likely to see some guidance around margins being squeezed so we will probably have to wait a few quarters to retest the top of the channel again.
Groundhog Day 2/2/22Today on Groundhog Day 2/2/22 Punxsutawney Phil predicted 6 more weeks of Winter weather instead of early Spring weather. So, what does that have to do with the stock market? Absolutely nothing. But it is a good segue into a possible renewable energy rotation from fossil fuel energy by March. Winter officially started on December 21st and it ends on March 20th. This is a seasonal trend If you want to plan some longer-term trades ahead of time. Here's 4 renewable energy tickers & 4 fossil fuel energy tickers comparison chart. As you can see there's a clear divergence once Winter officially began on the Calendar. And by Spring going into the Summer, they will converge. Yes, I know very well about the current macroeconomic factors such as gas price inflation worries, but the FOMC interest rate hike in March has begun to quell that.
fossil fuel energy:
XOM
MRO
EOG
CVX
renewable energy:
SEDG
ENPH
NEE
FSLR
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
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Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
TTC - trend channel
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tickerTracker - MFI Oscillator
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SEDG looking good for Bullswe are at a down part of a channel that is being consolidating for the last 7 months,
the lowest point of the year on this stock (200usd) was the initiation of this channel (around may 12) when it was in the middle of the golden zone (around 0.618 fibb)
we had visited the down part of the channel in july, october and couple of days ago. Every time we had made those visits, the EMA 200 had been broken but for short terms to rebounce and visit higher highs...
MACD indicator showing a perfect point for a long and RSI was completly oversold it on december 20, 2021...
Personally, this is one of my favorites stocks, the idea of clean energies around the world is something beyond trends and the awareness of the ppl about this topic is growing over time so i hold it for long term, for months...
whats your favorite stock beyond the speculative ones? what are the industries you would like to support more if you could choose? do you know any particular one that you would recommend about clean energies?
lets share!
$SEDG: Time To Get $TAN?SEDG made a major break through the key 370 level we were watching on my Stocktwits page. TAN (Solar ETF) broke above 100 today as well and looks very strong against alternative energy plays. In fact if you look at $XLE vs $TAN you'll see that energy potentially has a long way to fall vs solar companies who are leading the pack today. Could be good to hold longer term until retail trends begin to develop in a more broad based way. Good luck!