Possible bounceJKS is near a value zone and in a demand area and resting on a possible trendline. SRSI is in oversold area. Risky but possibility of a bounce may need more confluences and confirmation and candles.
JKS trade ideas
Asymmetrical trianglePositives- healthy SRSI and RSI levels and CCI levels, possible upward movement out of asymmetrical triangle
Negatives- assymetrical triangles are wild cards could break to downside, and it's election week
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.
JKS Elliott-Wave analysisJinko Solar short-midterm bearish.
JKS didn´t break out of the bear-trend as clearly as other chinese stocks.
1. Expecting some recovery
2. followed by stronger downside potential
Alternatively the bottom could already be in.
Jinko Solar very bullish Set now ........NYSE:JKS
Think the low is in and Jinko could become soon a 10 Bagger as it is very cheap in every measure ...... Last week we had a weekly Bullish Engulfing, which is one of the best reversal candles available!
Jinko Solar .... a 10-Bagger in Front?NYSE:JKS
In my Eyes Jinko Solar could be one of the next 10-Baggers (not an investment advice):
Positive:
Sales up 420% in 6 years, but stock ist down 81% (!)
Profit pretax 2023 was higher than Market Cap now (!...!)
Dividend 2023 was 4%
Price to sales only 0.06 ..... (!)
Price near IPO of 2010 (!)
Almost always proftable!
Return on Equity and ROIC always positive!
Worldmarket Leader Solar WITH 16B sales
Several Factories around the world, also in US (in case of more Import taxes in US).
Solar will boom extremly in coming years as there is no cheaper Source of energy now!
With Solar and Wind you need NO Fuels(!) All other source of energy will need something like Gas, Uran, Oil, Coal etc. PERMANENTLY and Solar Panels last min 25 years with almost NO maintenance costs!
All drivers of EV dream of having own Solar on Roof to drive free without paying for Gas!
And EV will be the major share vehicles on the streets in comming Years WHICH WILL BOOST SOLAR IN TANDEM!
Negative:
Not much loved Chinese Stock
Closely held by management is only 0.48%
Net Dept 3.75B
FCF negativ past years (!)
Very competitive Solar Rooftop Market with maybe toooo many suppliers
JinkoSolar secures contract and launches NeoGreen solar modulesJinkoSolar Holding Co., Ltd. has recently announced the launch of its NeoGreen solar modules, coupled with a significant contract for its Tiger Neo modules, bolstering its position as a leader in the solar panel technology market. The unveiling occurred at the KEY Exhibition 2024 in Italy, where JinkoSolar showcased the first mass-produced NeoGreen modules, distinguished by their minimal environmental impact. These modules are produced using 100% renewable electricity, with additional environmental protection measures such as water purification used in manufacturing. Furthermore, JinkoSolar has plans to reduce plastic usage in packaging and transition to more eco-friendly transport options, like electric cargo transport and liquefied natural gas ships, representing a significant competitive edge in sustainable production.
Exploring potential trading opportunities, let's analyse the technical aspects of JinkoSolar Holding Co., Ltd. (NYSE: JKS):
In the Daily (D1) timeframe, a support level has been established at 21.05 USD, with resistance at 25.60 USD. The stock is currently experiencing a downtrend, albeit with signs of slowing. A break above the downtrend's resistance line could further confirm a positive shift. If the stock breaches the support level, a decline to 18.60 USD might be expected.
Breaking the resistance at 25.60 USD offers traders a viable buying opportunity, with a short-term target of 30.10 USD. For a medium-term strategy, maintaining a long position with a target of up to 38.30 USD could be considerable.
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Searching for the BottomI have owned NYSE:JKS in the past and I’m looking for the best entry I can, I think solar is resuming its downtrend and I’m actually short on NASDAQ:ENPH , but my point here is I’m wondering if we have a 12345 wave here ending in daily bullish RSI divergence. If you’ve read my other posts I’m a big proponent of daily bullish divergence on the RSI to find the bottom. I’m not sure if I’m right but here’s my best conjecture, that we are currently in wave 5 downward, you can see we hit 1.618 on wave 3 and then did the exact 0.382 bounce typical of a wave 4, if we hit my box I’m hoping for a good place of entry.
JKS -Failed breakdown pattern emerging. 12/22 Close below 33 which is the neckline of I H&S pattern, could have triggered short, but the gap up above along with the accumulation volume suggests strength at this level. Next up test of 200EMA. Gap up and back test is one way to confirm it or open at 37/38 should further confirm the reversal.
This name moves fast and I won't be surprised if positive china news push it to the top of the range around 45.
Disclosure: No position yet.
Bullish on $JKS! Bullish on $JKS!
based on analysis indicates massive potential for this stock, with a possible surge to the $50 mark in the near future. Currently priced around $40, upcoming days are crucial.
JKS: Buy TerritoryJinkoSolar has strong fundamentals and has been filling out a massive bullish pennant. It is currently at the lower bound of this range after just reporting positive earnings, putting it in a low risk, high reward zone.
Happy Trading.
JKS - It's a challenging uphill battle!Breaking the recent downward trend will be a challenging task, despite our strong support. Currently, we are below both the 200-day moving average (turquoise line) and the 50-day moving average (gray line), and we also need to surpass the RSI 50 level to initiate a strengthening.
If the upward movement begins, we will face resistance at the 50-day moving average around 47, the upper Bollinger Band at 48.5, and the 200-day moving average and RSI 70 level at 50.50 (three red circle). Since the $50 price level is also a psychological barrier, I don't believe we can rise above it without a strong catalyst. Despite robust revenue growth, any potential issues with US authorities could force the stock to trade sideways within the range of 42-50.
Jinkosolar ($JKS) ShortWithout shorting the underlying, if you are patient enough, you can consider the JKS 9/15 30P for 1.25 with a $22 price target... The puts captures two earnings report and if the stock breaks its $40 major support, we can expect an avalanche of selling down to $30. The mkt is saying there is a less then 10% chance it goes below $30, but I think it's more like 20% if you look at technicals.... you can use 14 - 85 fib levels.
Possible Bull Flag Possible bull flag on JKS. The break out target is into the lower 70's. My buy in target is $55.50 with a SL @ 53. History shows there is a lot of supply around the 64/65 dollar area and that is where I will take profit if it plays out. The MACD is curling ever so slightly to the downside, the 200 DMA is acting as support now. I like this set up, but I have my reservations.
Not financial advise.
JKS - Flag Breakout JKS has formed a nice triangle / flag structure and is in the process of breaking out of the 2.618 Fibonacci circle from a downtrend line
Bullish on this Weekly timeframe
JKS: Potential catch-up in Solar and a play on ChinaRecently China's been catching a bid and Solar's been one of the leading industries in the market.
One thing I don't like is JKS has been one of the weakest players in solar. I always want to be focused on the strongest name in any sector. In the medium to long term that trend is likely to stay in place.
But short term we might see some catch up in JKS vs other solar names. I also like the recent bid in China names which might help boost this thesis.
Some comparison against ENPH and FSLR:
JKS vs ENPH
JKS vs FSLR
As long as price can get and stay above 64.70 on a weekly closing basis, I'd want to be long JKS. If long ENPH or FSLR, I wouldn't replace those, but would view this position as an added layer of solar upside + China exposure.
Bias more on upside. 6th Aug 2022
May wait for pullback to long and ride with the uptrend.
Trade safe.
Pullback buy on JKSTook a long position on JKS based on following basis: strong close (top of the range) on Friday bounce from 50SMA 50 i 200SMAs show uptrend. The entry was after the break of Friday's high. We will see how it holds. I will not have a problem to sell is it turns around on me. I am still not sure of this market.
JKS - Renewable Energy. Ascending triangle setupSigns of accumulation on the right side of this ascending triangle formation
JKS holding up nicely since March 2022 while the general market is going down
Outperforming the SPY, Sector and Industry
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Jinko Solar.....New ATH! But Jinko ins`t done.....Hello Traders,
as I wrote at my latter analysis:“Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's. „
That is what exactly happened yesterday and on June 28.
The level to top is now at 69.69 USD (intraday peak) or on a closing basis @ 76.53USD!
And this is one of my targets for the coming days ahead!
Overall to speak. The moves at Jinko stock is sideways, since the enormous run to 90.20 USD in 2020. This is the reaction to the rise, and it is trend confirming!
A break of the 69.69 USD and so of the black trend line, will open the door to 74.87 USD and above to 76.53 USD! More bullish potential exist.
Confirming this move, if so to come, will be a strong volume in direction of the move, i.e. Up!
On the other hand! If this level was just a wave „b“, as per my alternate count, the next move should be down, and morph into a 1-2-3-4-5 of c to finish this corrective pattern.
As always. Market will give the answer.
Have a great Friday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
