Canadian Solar - Jump back to top!-After market, this boy dropped to $38 where the strong support is located.
-Suggesting entry tomorrow at market price and holding on this boy!
L5A trade ideas
$CSIQ BULLISH- Ascending Channel
- Price is above the 200 EMA , 100 EMA , 50 EMA , 20 EMA and 10 EMA
- MACD positive
- ADX above 25
Clean pullback on CSIQ with decreasing volume.This is one of my favorite setups, a clear breakout on good volume with a decent pullback with decreasing volume. It's similar to one of my previous posts on PRTS. I entered a position on 07/01 and added more on 07/02. I think there's a good possibility well see a gap up on Tuesday and a strong move to 46/47+ throughout the week. PT is 50.
I also have to mention how the solars traded very strong last week or two, after so many big moves there's going to be some profit taking. I think selling is over given the volume drying up and CSIQ reacting to this fib retracement level.
CSIQ Daily SetupCSIQ entry setup above today's high. The 50 EMA has come down to the 200 EMA and looks ready to turn back up. A long trend line was broken 3 days ago after a nice rounded base and the gap down has finally been filled.
Csiq falls below 200ma East chart to read. Fell below 200ma premarket; Why is this important? Csiq hasn't been below 200 am since last may (Anniversary) 37$ is next target , after that the H&S is obvious.
Canadian Solar may find a bottom at 37Canadian solar made a breakout down of the trend channel. So a lower price till 37 CAD is possible, which may a speculativ buy option.
I will check this in 2-3 weeks again.
$csiq longpls dont sell at the trap, the stock will reach the 50ma 100% and then we will these day the fight!
until next days keep calm and add again
CSIQ Price Target 51.30's
🌩️ CSIQ PT 51.30's 🌩️
🔸Long Above 47. 05 to 49.99 (PT1). Holding above and we'll find 51.30's (PT2)
🔸Play Invalidated breaking under 45.70 (SL)
🔸 Short Below 46.99 PT @44.4, 42, 41.2's
❗ Wait for Confirmation before entering a Position. ❗
<TradeVSA> Pullback Completed in CSIQ ?Signal in the chart:
1. Increasing volume follow by Green Pentagon
2. Price cross above 20ma
3. Low volume from downbar yesterday
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Earnings 3-18 BMOEarnings this week..so a risky trade to trade before earnings. This sector has pulled back quite a bit.
CSIQ appears to be trading in a bullish Bat, but time will tell. There is also a bearish version of the bat (a bear bat (o: which looks like a crooked W. This is a Bull Bat and looks like a crooked M. If this is a bat, then the pattern completes at the .886 fib level of XA. It is a good idea to look for areas of confluence, where the chart kind of comes together, and look for D to be there. In other words, sometimes you may have to be a bit flexible.
XA is the longest leg in this pattern and is often referred to as the impulse move.
B can be anywhere from a .382 to a 0.5 retracement of XA. You can start to try to figure out which harmonic pattern at the B retracement. If C goes above A, then it is not a Bullish Bat. You can slowly eliminate patterns that it is Not, to try and figure out which one it actually Is or if it actually is a harmonic pattern.
The alternate Bat, and B retraces to the 0.382 or less and D is at the .1.13. So far CSIQ did not meet these requirements.
Sorry if my explanation is confusing, and if D goes any lower, this pattern would be ruled out.
Not a recomendation
CSIQ may be flipping long term resistance into supportCSIQ looks to be backtesting this area. It could hang around or quickly reverse back up to ATH and more. Good volume. Not financial advice. DYOR
