0XGH trade ideas
Another SOLAR MoverPlease observe that there is a wedge forming on this canadian solar company's stock: $CSIQ. Upon a breakout of the wedge I'll be buying up to the targets noted on the chart.
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$CSIQ with a bullish outlook following its earnings release$CSIQ posted its earnings with a positive over reaction following its release with the PEAD placing the stock in Drift B with a bullish outlook
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$CSIQ Canadian Solar 60% Upside Medium term.
Latest breakout in CSIQ underway as volume and
sentiment swings away from Big Tech into emerging
growth sectors. A possible Biden Win is a major catalyst for the Solar industry.
It may be to much to expect another 60% impulse wave higher as per previous moves,
but short term $48 $52 $54 is in play.
Cup and Handle Overbought Rising wedgesOverbought on weekly and daily RSI, not monthly. Rising wedges noted in chart. Just beware as rising wedges are most often bearish.
By looking at chart, I would think a pull back is coming very soon, although monthly candle looks good as does weekly candle. Just because it is overbought and a lot of green leading up to recent high. I would think someone is going to sell soon.
Possible stop below 18.5
I do not own this and it is Not a recommendation.
$CSIQ Canadian Solar Hits 12 year Downtrend
CSIQ has been one of the hottest stocks in recent weeks, but it
may be time to curb enthusiasm and book some gains.
The stock has hit major resistance at the 12 year downtrend.
Alert us set for a break above $35, when it does break it could be huge.
First major target is $40.00 then $45.00
CANADIAN SOLAR StrategyHey my friends, CANADIAN SOLAR gives a bullish signal with a hammer candle and a strong buying volume at the end of the session. On the same TIMEFRAME 5 and the 1 Min we observe a bullish continuation, we are in a stabilization zone that we can breakout. Great possibility of joining the new zone, we are in the bullish gap that we are trying to fill and after seeing the reaction of buyers on the first highs.
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