ADDED $SOL Target 24.16 for 38.45% Or next double level at 10.74$SOL Target 24.16 for 38.45%
Or next double level at 10.74
Added a little here.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SOL/N trade ideas
SOLThe total shortage of chips in the world is driving everything related to semiconductors to grow. Renesola is one of them. Since the last local growth, the security from the price of $ 35 has corrected by 45%, with the simultaneous formation of the Flag pattern, and recently broke it up. We, traders, know that the stronger the correction was, the better the subsequent growth will be, which is expected here with the achievement of 3 targets - 29.45, 34.95 and 40.23 (total growth of 93%). I recommend unloading 33% of the position upon reaching each of the goals, as growth will slow down, which will delay your capital in this trade.
$SOL Swing Trade IdeaVolume Profile POC hovers around the $26 mark.
Currently trading well under. Solar is a bullish sector under Biden Administration so I expect continued upside for the rest of 2021. Doesn't mean there will be drawdowns, but I'm willing to weather them until I see price go back above the 26ish POC.
Currently average is $23.54.
SOL - January 24, 2021ReneSola Ltd. develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The certainty of ReneSola's revenue growth in the build-to-order segment poses a lucrative operating segment in an increasingly competitive Solar industry. Analysts have a conservative consensus PT of $12.00, however it is possible that we will see upgrades outpace the current run. SOL is a great hold over the next multiple years as there is increased focus on clean energy, and the market cap can quickly climb higher from the current ~$2B valuation.
RENA SOLA - Signs showing a Blow Off is forming Timeframe
Viewing behaviour from 1 year time frame perspective
Trading from 1 month perspective
The potential for downside
Oscillator shows peaking
Price is highly extended above trailing edge
The potential for continuation :
Volume Flow still shows good strength
VIXY showing low risk environment
Summary :
Risks now outweigh Rewards
Note:
Reason for trades from two brokerages:
Checking performance of Selfwealth brokerage against Interactive brokers
Steep uptrend for Renesola (SOL) - Up to 30Fundamental Analysis
1. Industry: Solar wafers and modules ++
2. Price: Relatively Cheap
3. Upward potential: 35% (on short term)
4. Risk-Reward Ratio: 1:15
5. 5Y EPS Growth: 20-40% (Simply Wall St)
Technical Analysis
1. Volume is growing
2. Support of the MA100
3. Growing profit margin
4. High Sentiment Score: 88%
5. Short-term target: 30
6. Long term target: 50-100
ReneSola breakout before earnings 12/01 4pmReneSola has broken out of it's 3 month trend channel before earnings tomorrow 12/01 at 4pm. I'm expecting an earnings surprise and therefore, a new price action trend going into 2021. rsi is parabolic till at least tomorrow earnings call & volume ema continues to be bullish. This mornings pullback looks like an opportunity to me. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
TradingView links:
www.tradingview.com
BREAKOUT TIGHT BASE AND HIGH VOLUM BUY SOL ABOUT 8$ReneSola Sells 4.3-MW Solar Project to Atmosclear Investments
ReneSola Ltd SOL has recently sold its 4.3-MW community solar portfolio to Atmosclear Investments, a European renewable energy and cleantech private equity group. The solar portfolio, comprising1,509 residential rooftop projects, is located in Scotland.
Solar Power Prospects in the United Kingdom
Per a report published by Mordor Intelligence, the solar power market in the United Kingdom is forecasted to see a CAGR of more than 5% during 2020-2025. Notably, solar photovoltaic projects at utility-scale and installations in recent times have been significantly growing in the country.
In particular, favorable government policies to decrease carbon footprints, declining costs of solar technologies and subsidies on solar systems are driving the solar power market in the United Kingdom.
1% CAPITAL
BREAKOUT CUP AND HIGH VOLUM BUY SOL ABOUT 5.10$Investors Gain Confidence
ReneSola’s recently announced preliminary results boosted investors’ confidence. As a result, share price of this company rose 10.4% to close at $3.90 on Nov 12.
Impressively, amid the COVID-19 influenced market uncertainties, shares of ReneSola have been rallying for quite some time. Notably, its share price has gained 174.9% in the year-to-date period, outperforming the industry's 145.8% growth.
1 % CAPITAL