Jks analysisDoesn't look too good for JKS.
Seems like a descending triangle has been forming for a while now.
PT: 47
JKS/N trade ideas
JKS (JINKOSOLAR HOLDING CO LTD) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- JKS is consolidating in a major symmetrical triangle pattern.
- Price is retesting the major symmetrical triangle's inclined support.
- Price action is printing a minor ascending triangle pattern at the retest area.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential (bounce off the major symmetrical triangle's inclined support).
BUY ENTRY ⬆️
- Breakout above the minor ascending triangle's horizontal resistance.
TARGET 🎯
- Major symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the minor ascending triangle's inclined support.
JKS Bullish pennant, Support range, Above 50 and 200 EMA and close to the 50, Classic Bullish divergence, Stochastic oversold
Swing on JunksolarJunksolar has been a good swing candidate for months travelling in the box channel while drawing a symmetrical triangle.
And I think the time is now to break out of the box and fly higher! I think the risk is low on this trade as it is still at the bottom of the symmetrical triangle with 100 ma acting as a strong support.
Although I am trading this as a swing, I think this is still a good long-term investment as well with rising concerns over global warming and environment-friendly policies under Biden administration.
Target: $75
Stop: $60
JKS Breakout to $80My Opinion:
Growth stock with sideways consolidation. EMA convergence. STOCH pivoting momentum from undervalued to overvalued. Should contest $80.
Thoughts?
Someone doesn't want $JKS above $66-67Most of the volume is being traded in the $64-65 zone. Every move into this area has result in violent selling back down to the volume shelf. There's a chance this ticker will move upwards quickly on the next solar push.
Buy $JKS PT1 72 PT2 81 SL 57 Rationale
Solar Sector is bullish long term
Price is getting towards the end of a consolidation phase (range getting tighter)
Price sitting on a massive volume shelf
Declining Volume since January
JKS - Looking for buy opportunityLooks oversold, gaining volume, will be looking for an entry tomorrow
$JKS Large weekly triangle consolidation w 10 20 undercut Getting tight here watch for breakout, on watch pre market for me
$JKSWatch consolidation and if it stays between it should break out around March 19th. Price Targets are the yellow lines.
JKS LongJKS has been forming a wedge and consolidating for a while. I like a buy at this current level with profit taking at the top of the wedge. Cut on the break of trend with a 1:2 risk reward ratio.
Long - Looks ready for it's next leg upNice up trend here followed by a nice base - massive bull Flag.
Let the gains begin.
Good Luck!
Inverse Head / Shoulder formation identifiedThis seems to be an inverse head / shoulders formation. There is a support level below the head at the 61.8 retracement level
JKSI think that JKS will go up to around $73 and hit the resistance then go down to about $65. And once that happens it should shoot up past $80.
JKS Wave 3JKS has had choppy price action recently, but the re-test of the dynamic trendline makes it a solid candidate for long positions (Good R:R). Wave 2 appears to have formed a expanded flat with a larger retracement in the 0.618-0.768 zone. Ideally, JKS would hold the $61 level before a wave 3 run-up. Wave count becomes invalidated under $57.50
JKS 75C 3/19 ☎️ JKS TA
1. Bull Flag on Daily, Apex this week.
2. Past Month indicates Reverse Head & Shoulders
3. 40% on RSI shows historical Reversals - Mid RSI band acts as Turning point
4. Fibonacci Support Buy Zone is 59-62
5. "JinkoSolar Begins Construction On 20 Gigawatt Solar Cell Factory" - 1 week ago
6. Biden Administration Pro-Solar
7. Squeeze Initiating
8. Neaing 100 SMA for first touch of Support
9. ER run up for Feb, Estimated EPS is lower than average - higher likelihood of beating earnings
10. Overall Market Sentiment Bullish and Undervalued
JKS Flag Accumulate March/April 60/65 calls around $55-58 and switch to 60/65 puts around 73-75. On confirmed breakout, Take 1-2 months out 100C.
