SHLS Weekly Bullish Bat Harmonic Pattern
SHLS 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
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
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