SHLS Short Trade Setup (30-Min Chart)
- **Entry:** $6.10
- **Target 1 (T1):** $5.77
- **Target 2 (T2):** $5.34
- **Stop Loss:** $6.36
**Summary:** A short trade targeting $5.77 (T1) and $5.34 (T2) with a stop loss at $6.36 to manage risk.
SHLS trade ideas
is a 200% rally for Shoals Technologies about to print?This is a 6 month forecast.
On the above 6 day chart price action has corrected 80%.
A number of reasons now exist for a bullish outlook. They include:
1) Price action and RSI resistance breakouts.
2) Strong regular bullish divergence.
3) No share splits.
4) 12% short interest.
5) The forecast is to the upper channel resistance.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: you decide
Timeframe for long: This month
Return: 200%
Stop loss: will say elsewhere
11/11/24 - $shls - Rippity do dah? Buyer sub $611/11/24 :: VROCKSTAR :: NASDAQ:SHLS
Rippity do dah? Buyer sub $6
- won lawsuit
- NASDAQ:NXT beat... NASDAQ:ARRY beat... NASDAQ:SHLS => beat?
- NASDAQ:SHLS is super shorted
- valuation not egregious.
- options chain paying a lot for higher expires... expect volatility
- solar names seem held hostage by "energy" e.g. look at oil, uranium... it's similar flows. but on the margin there seems to be a bid swelling and a lot of the crap solar names have gotten properly washed out. NASDAQ:NXT > NASDAQ:ENPH > $fslr... NASDAQ:SHLS probably 4 and NASDAQ:ARRY maybe 5?
- buyer into print, seems to have some wings.
V
Shoals Technologies Group (SHLS)Entry Point: Above $6.00, confirming a breakout and potential trend reversal.
Target: $7.16 (R1), with a stretch target at $9.20 (R3) if bullish momentum accelerates.
Stop Loss: Set at $5.00 to manage downside risk if bearish conditions persist.
Entry Point: Below $5.00, confirming continued bearish momentum.
Target: $3.64 (S3), with a further target at $3.00 if downward momentum strengthens.
Stop Loss: $6.00, mitigating risk from unexpected bullish reversals.
Shoals Technologies Group is at a critical juncture. While technical indicators hint at a potential bullish reversal from oversold conditions, caution is advised given the prevailing bearish trend. Traders should remain vigilant, utilizing stop losses to manage risk effectively. As always, keep abreast of market news that could catalyze significant price movements
SHLS Weekly Bullish Bat Harmonic PatternSHLS Bouncing off of the HOP level of a weekly Bat Pattern. Lower timeframes show a 1 hour unconfirmed bearish shark, idealizing entries of 6.39 and 5.85. Stop loss below the confirmation dot at 5.93, but this is significant drawdown at the current price of $7 so a lower entry is ideal. For targets I included XA level as this is a 75% move, along with the typical T1 and T2 Targets of 19.89 and 24.67, respectively.
SHLS beat earnings 3 of the last 4 quarters, and has an earnings report scheduled for July 30th, 2024. The average analyst price target for SHLS is $12
5/15/24 - $shls - beginning to enter but w/ selling some 1mo C's5/15/24 - vrockstar - NASDAQ:SHLS - well... here we go 6's. can enter now below the $6.5 level by selling 6/21 7.5C's for 30c if you desire. we start to hit below 30c lower from this entry... and i will begin buying size without selling C's. slippery one but 1) not the first bid in this tape b/c 2) trough EPS this yr w/o look thru 3) some silly lawsuits that are at least hitting the newswire. bogus - but the lawyers gotta manipulate stocks as they always do - ironic. 4) and not obvious where is the bottom of this knife here. again per previous comment/ i believe this is probably closer to $6. but value here if you can use options like selling those 1-mo out for 30c can get you a lower basis.
5/8/24 - $shls - tough to own >$7, but patient for mid $6s5/8/24 - vrockstar - would LOVE to own this in the $6s, do we get there today? "probably not". what's my math here - simple. name has debt, and despite cash gen we're not paying it down in any "one year+" context. so it really comes down to say FCF yield, which at current open levels is in the ~6% range. not high enough for a tough industry/ high financing requirements needed (so rates need to actually start to decline... 2H... so perhaps you own in end 3Q/4Q all else equal?) BUT if if i thought about what it's worth "today" i'd say trough multiple on 60c of EPS power (perhaps the multiple is too low at 10x, or the EPS could still see revised downward - probably - you pick - so i'm shooting in the middle) - that's a $6 stock. again the debt matters. 6% gives you high single digit nearly 10% fcf yield and the stock is an obvious buy. I think anything less than 7$/shr is good 12-18 mo money, but in order to make money into year end, i'd suggest you should simply set an alert at $6.50 and decide how to size manage from there. tricky name. highly shorted. but needs another catalyst to start convincingly moving in the upward direction. caution to protect your PnL for now.
Value Investing Attempt Number 1😅. [DEMO-NSTRATION]the goal is to be 1% better than yesterday new innovation new problems just keep solving people
If you follow me you know i like big yields its evident
now im going full HAM on stocks this year and Value investing is the filter methodology
no T\A here maybe i need an alligator (added while writing this)
decreasing momentum with the sticks by gator looks like accumulation and distribution awaiting upside cross maybe one last stophunt idk but looks good to go
no stop bro we talking T/A geez lol
anyway the big boy of this industry is NASDAQ:NVDA should i value invest in a what seems to be in a bubble market 😥 😓 🤔🤔🤔 the weaklings are always the first to file for bankruptcy in my experience high risk (bubble, bankruptcy, big negative yields) equates to high reward (100%++)
My second stock is OTC:XFABF
typing my inner thoughts as i reconsider everything feels fun i should private this
IF U RAKING BIG WITH VALUE INVESTING TEACH ME UR WAYS ALWAYS READY TO LEARN
SHLS BUY! 🔔💲 Buy - 15.85
✔️ TP - 25
Add at lower levels
A good opportunity and it is in the portfolio of many of the largest shareholders
$SHLS Solar Stock Setting UpNASDAQ:SHLS in #SOLAR group been holding up extremally well compared to others.
Looks like institutions quietly buying this one. Its getting tight now and potentially ready to move out.
Shoals Technologies Group Inc (Long)Enter: Market Price
Take Profit: 27.06 (7.59%)
Stop Loss: 23.29
Price is bouncing off a strong support zone
SHLS daily - long position after breakoutTHE CONSISTENT TRADES analyze SHLS as a bullish/strong fundamental stock and therefore would be traded only in a long position.
SHLS is inside a symmetrical triangle which would be bullish when a breakout occurs. Even though it is bullish fundamental stock, its price moves are more bearish than bullish as those red days are on big drops while volume is bigger on down days than up days.
It is below 8, 20, and 50 days MA but above BigRed which is bullish.
Volume, for now, is more on the bear side.
RSI is neutral.
MACD is more bearish than bullish.
Overall: SHLS needs to move above all major MA and then on a bigger volume breakout of a symmetrical triangle to trigger a long position. Even though it is a strong company, its price looks like it could drop before earnings. In the case of moving up and breaking out of the triangle, the long position would be above the blue dotted trendline.
In the case it drops below the trend line, a short position would NOT be triggered due to the fundamentals of the company.
SHLS daily - long position after breakoutSHLS is a bullish/strong fundamental stock therefore we would trade it only in a long position.
SHLS daily is in a symmetrical triangle which is a bullish pattern. Friday finished strong with a big volume which is bullish. Laso hammers out from 50 days MA and it looks like a possible bull pullback pattern.
SHLS is above all major MA which is bullish.
Volume is confirming Friday's price move because it is almost double 20 day average.
RSI is neutral.
MACD histogram is ticking lower which is bearish while both lines are bullish.
Overall: SHLS is consolidating around these prices for a longer time. Bullish moves on Friday are showing there is more possibility for an up move than a down move. If it continues to go up it will be a bull Pullback which is bullish and with a possible break out of a symmetrical triangle we would be in a long position.
If the price continues to fall, until it is inside the triangle it is still an opportunity for an eventual breakout later.
Long trade would be triggered if it passes the blue dotted line.
$SHLS pullback buy in #solar#solar strong group with lots of eyes on few names but here is $SHLS with a potential pullback buy as well.
Could just move up Monday but another inside day here would make this that much better of a setup (orange bars)
$ARRY $FSLR other strong ones in the group.
$SHLS Pullback Buy SetupNot really seeing much with low risk setting up tomorrow.
+ the gap potential makes it more of a sit and wait.
That said, I like $SHLS pullback buy setup here.
U also have $ENPH but that's a breakout to new highs which are guilty setups in 2022 until proven innocent.
$SHLS #SOLAR Gapping up after earnings$SHLS in #solar space been on my larger watchlist for multiple weeks watching it setup.
Reporting earnings after the close today. Gapping up over $26.
$ENPH isn't the only solar stock, look at $SHLSShoals Tech Grp p is a leading provider of electrical balance of system or “EBOS” solutions for solar photovoltaic, energy storage and eMobility.
IBD ranks NASDAQ:SHLS in number 6 of its industry and has a 95 in its relative strength rating.
Looking at the company's valuations, pure fundamentalists would say it's overvalued. But, the technicals clearly signal leadership and strength relative to the market and its industry.
Although, NASDAQ:PLUG , NASDAQ:PI and NASDAQ:FLNC look very good.
Remember, price is king!
SHLS close to diagonal resistance.SHLS close to diagonal resistance. IBD A+ stock. If it goes over resistance its a buy. Watch for few days
WATCH $SHLSBullish
- Broke existing trend
- Formed bottom
- Inverse head & shoulders
- Positive FCF
- Positive Income
- Funds accumulating
- Hot theme / Solar
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“The ladder of success is never crowded at the top. Stay away from the herd”
Cheers and happy trading!
shls longshls long pitch for tech sector
large upside and has traded pretty strongly since IPO
• Shoals Technologies Group, Inc. is engaged in providing electrical balance of system (EBOS) solutions for solar energy projects in the United States.
• The company was founded by Dean Solon in November 1996 and is headquartered in Portland, TN .
• The Company designs, manufactures and distributes system solutions for the two types of wiring architectures used by the United States solar industry: homerun and combine-as-you-go.
• It also designs, manufactures and distributes individual EBOS and other components including Combiners, Plug-n-play branch connectors and inline fuses, AC disconnects, Recombiners, Wireless monitoring, and Junction boxes.
• The Company provides products to engineering, procurement and construction firms (EPCs) that build solar energy projects.
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Earnings vs Market: SHLS's earnings (70.7% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Revenue:
Revenue vs Market: SHLS's revenue (33.1% per year) is forecast to grow faster than the US market (10.2% per year).
