Solarenergy
Long First SolarSolar energy is one of the leading technologies in the renewable energy industry. It is slowly eating away the oil industry's market share in energy production. Through economies of scale, the cost per unit decreased significantly over the past decade so there is a chance that First Solar might eventually break its all time high.
From a technical standpoint it is on a nice uptrend. I would buy some shares now then buy any dips above the uptrend.
Technicaly good tradeThis is a solar technology stock, and they are very fragile in the economic environment which we have now.
Be aware that this is a low volume stock, but looking at technicals it looks promising. RSI, SMI low, CCI starts to go up. It is gaining strength against SPY. It came back to a 1D base.
Things are lining up. At least for what I look for in swings. And... I'm a huge sucker for those M patterns.
My plan:
Get out - ~~14.80$
1st PT - 16.80$
2nd PT - 18$
OPT - 20.80$
Tesla Inc. (TSLA) bullish scenario:The technical figure Channel Down can be found in the daily chart in the US company Tesla Inc. (TSLA). Tesla, Inc. is an American multinational automotive and clean energy company. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla is one of the world's most valuable companies and is, as of 2022, the world's most valuable automaker. The Channel Down broke through the resistance line on 24/01/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 18 days towards 168.10 USD. Your stop-loss order, according to experts, should be placed at 108.76 USD if you decide to enter this position.
Tesla Inc. said Tuesday it plans to spend $3.6 billion to expand its Sparks, Nev., gigafactory where it currently makes batteries and electric-vehicle parts.
The announcement came a day before the EV maker reports crucial quarterly earnings, and after CEO Elon Musk completed his third day of testimony in a trial over shareholder losses following tweets he made in 2018 about taking Tesla private.
Tesla said the battery facility would have capacity to produce “enough batteries for 2 million light duty vehicles annually.” In early January, Tesla said it delivered about 1.31 million vehicles in 2022. Analysts expect Tesla to increase deliveries to about 1.92 million in 2023.
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CCI, ADX, Pivot Point StrategyUsing Tan as an example, we see how we can identify periods of Accumulation and Distribution for the solar industry. My custom ADX, CCI strategy gives signs of accumulation, over buying and over selling. I've marked those points on the chart. Presently signs of uncertainty in both directions as the range sets lower highs and higher lows. This is a sign of uncertainty surrounding regulations and the future of climate change.
As I mentioned I use a custom setup but check out the Investopedia on how to use the CCI. Matching the CCI with the Pivot Points High Low should yield great results. Set your Pivot Points High Low to 14/14 for the daily charts. I do believe there is a bit more downside to the trendline support there for the Solar Industry, will update you after to see what happens.
Not recommending a short here, but I do recommend watching to see if some support is found in the short term, or potentially a break out of the bottom end of the range. Confirmation is needed before taking any actions.
SUNRUN is my next 10x opportunitySunrun is a provider of photovoltaic systems and battery energy storage products, primarily for residential customers as per the official description about the company.
Solar business is a growing area and the company's financials are also improving in line with this growth trend.
The current market cap is around 5-6 billion USD and I think there will be more upside based on the positive market prospects and I am thinking a c.10x to a market cap of minimum 50 billion USD in the next years.
So, I am investing in this one for the long run.
Please comment if you have more insight about the company.
IMPORTANT: This is not a financial advice.
Solaredge Multi-Timeframe AnalysisHello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Enphase Energy Analysis 18.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on Nas100 .
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
I will personally reply to every single comment.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
♻️ SEDG ✅Trade in the canalSolarEdge Technologies
Symbol NASDAQ:SEDG
Market Cap 11.70B
Short Float 3.18%
Target Price 330.50
P/E 78.03
Trading idea
Swing trade with 3 points of profit collection.
#1 - Target Price = 260$
#2 - Target Price = 290$
#3 - Target Price = 330$
Simple trade, long inside the channel.
As we see it has reached its support zone.
Change of direction points.
This is not a recommendation to buy or sell, just a trading idea.
Not an investment advisor.
Have Fun.
SPWR weekly below mean stop loss $0 Entry 18.33
SPWR weekly below mean stop loss $0 I believe in solar by GM hold up to 2025
FSLR:No more Sunshine?!FIRST SOLAR
Intraday - We look to Sell at 121.86 (stop at 130.09)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. We look for a temporary move higher. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our bias remains bearish and further downside is expected to target support at 100.00.
Our profit targets will be 101.77 and 90.00
Resistance: 122.00 / 145.00 / 196.00
Support: 101.80 / 63.00 / 31.00
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$PEGGY looks like it's heading to $1$PEGY closed below $2 local support level.
looks like it's heading to $1
TAN Diamond pattern: 68 retest or 92 BO to confirm wave 3 0f 5TAN for the 3rd time made a diamond reversal pattern near the base of an upchannel. However, diamond pattern may also be a continuation down pattern possibly for a retest of 68.
TAN also had a big red wedge fro 126 2021 ATH & is now retesting this wedge falling below weekly wma50.
BULLISH BIAS: There is a strong chance this channel will be recovered considering the last 2 strong reversals after beartrap below channel base. If TAN finally breaks above 92 in the next 2 weeks, making a higher high, this will confirm a continuation of wave 3 of 5.
BEARISH CASE: last 2 weekly candles show long tails pushing prices downward. This may lead to a diamond continuation down pattern to retest 68 (the May 2021 M-pattern neck) or even the 56 June low (previous double bottoms with strong bounce), next 2 very strong supports.
Not trading advice.
ENPH doing W3 with a bullflag to 387, then W5 to 498?ENPH has been on a staircase to heaven fueled by the govt support on solar energy & the current supply
chain crisis on crude oil & natural gas.
The near term destination of the bullflag will be 387. After that a wave 4 correction may follow before the
final leg up to 498 for wave 5.
Not trading advice
9/11/22 FSLRFirst Solar, Inc. ( NASDAQ:FSLR )
Sector: Electronic Technology (Semiconductors)
Current Price: $135.82
Breakout price trigger: $138.40
Buy Zone (Top/Bottom Range): $131.00-$122.00
Price Target: $144.00-$145.90
Estimated Duration to Target: 40-43d
Contract of Interest: $FSLR 10/21/22 150c
Trade price as of publish date: $4.60/contract
9/11/22 ENPHEnphase Energy, Inc. ( NASDAQ:ENPH )
Sector: Electronic Technology (Semiconductors)
Current Price: $305.70
Breakout price trigger: $309.30
Buy Zone (Top/Bottom Range): $296.25-$264.35
Price Target: $419.30-$446.00
Estimated Duration to Target: 223-230d
Contract of Interest: $ENPH 2/17/23 340c
Trade price as of publish date: $40.50/contract
SPWR - Breakout
Renewable as a whole has shown impressive strength and most likely to lead in near future.
pivot held and breakout on good volume. Next target is 33...should come sooner than expected.
SolarEdge Holds Support After Gapping DownSolar stocks have outperformed lately as investors react to high oil prices and the green-energy movement. Today we’re looking at SolarEdge Technologies , the No. 2 company in the group by market cap behind Enphase Energy .
The main pattern on the chart is the falling trendline that began in November and ran along the highs of April and most of July. SEDG ripped through that resistance on July 27 as lawmakers advanced key legislation supporting the sector.
Earnings subsequently missed on August 2. That caused the stock to gap lower, but it managed to remain above the previous trendline. Has old resistance become new support?
Second, the 50-day simple moving average (SMA) just rose above the 200-day SMA: a potentially bullish “golden cross” pattern.
Next, consider the sequentially higher lows since January – unlike the broader market’s steady decline through mid-June. Finally, notice how the relative strength index (RSI) has remained mostly above its midline at 50. Both of those patterns could reflect buyers outnumbering sellers.
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8/3/22 RUNSunrun Inc. ( NASDAQ:RUN )
Sector: Utilities (Alternative Power Generation)
Market Capitalization: $6.459B
Current Price: $30.74
Breakout Price: $34.25
Buy Zone (Top/Bottom Range): $28.80-$19.50
Price Target: $36.00-$37.30 (1st), $48.70-$49.60 (2nd)
Estimated Duration to Target: 21-22d, 84-88d
Contract of Interest: $RUN 8/19/22 35c, $RUN 10/21/22 35c
Trade price as of publish date: $0.93/contract, $3.05/contract