Solaredge Chart Analysis
The stock is in a clear downtrend since February
with a Significant resistance level at around $32.11
The Minor support seems at around $17.12
Increased volume during price drops indicates strong selling pressure and
Prices below the EMA are clues for bearish momentum
Key Points for a Trade
Entry: Consider waiting for a break below support or a pullback at resistance.
Stop-Loss: Set slightly above recent swing high ($24) to manage risk.
In case of pullback look for Stops at around $32.90
Trend continuation: Be cautious at EMA crossover or strong volume spikes, which could indicate a trend reversal.
Additional Clues:
Todays Put Option Volume increased 1,4 times of what was expected indicating bearish flow
The stock is in a clear downtrend since February
with a Significant resistance level at around $32.11
The Minor support seems at around $17.12
Increased volume during price drops indicates strong selling pressure and
Prices below the EMA are clues for bearish momentum
Key Points for a Trade
Entry: Consider waiting for a break below support or a pullback at resistance.
Stop-Loss: Set slightly above recent swing high ($24) to manage risk.
In case of pullback look for Stops at around $32.90
Trend continuation: Be cautious at EMA crossover or strong volume spikes, which could indicate a trend reversal.
Additional Clues:
Todays Put Option Volume increased 1,4 times of what was expected indicating bearish flow
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.