Chasing the Sun! JinkoSolar Shines Toward $38.39 with Big UpsideJinkoSolar is displaying strong bullish momentum, with a gap forming around the $22 level. A breakout above the $30.77 resistance would confirm further upward movement, positioning the stock to reach the $38.39 weekly resistance. With a favorable 3.16 risk-to-reward ratio, this trade offers a solid opportunity for short-term gains, while risk is managed with a stop-loss at $21.00.
In the longer term, JinkoSolar’s bullish outlook could extend further to $61.27, supported by the company’s leadership in the global solar energy market and rising demand for renewable energy solutions. With governments worldwide accelerating their commitment to green energy, JinkoSolar’s expanding production capacity and innovative solar technology make it a compelling player in this sector. For those looking at the longer-term horizon, a $17.00 stop-loss provides a safeguard while aiming for the larger target.
This combination of technical momentum and favorable market fundamentals supports a bullish push toward $38.39 in the short term, with potential to reach $61.27 in the longer term.
