SOL TRAINAfter a consolidation period of 1300 days, Sol appears to be gearing up to build momentum.
weekly 100 and 200 overhead at $3 $5.50
SOL trade ideas
Emeren Group Ltd - Bullish divergenceOn the above 12 day chart price action has corrected over 90% since early 2021. Now is an excellent moment for a long position. Why?
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Support on past resistance. See 1 month chart below.
Is it possible price action drops further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: 3% or less
Timeframe for long: This month
Return: Over 1000%
Monthly chart
SOL Emeren Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SOL Emeren Group prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SOL Elliot Impulse Wave SOL has been continuing its rally since February 7, 2024. At the moment, I think it has completed the 1st wave of the Elliot Wave impulse wave and started the 3rd wave. As of today, I opened my long position and I think it will rally to a minimum of $ 3.
If it falls below $1.90, I will close my long position. I plan to close part of my long position around $3. For my remaining long position, I will decide according to the movement in those prices.
Emeren anticipates net income of approximately $26 million for the fiscal year 2024.
The company has also done a lot of share buybacks recently. Looking at the fundamental analysis of the company, I think that it is currently priced very low on the stock exchange.
SOL daily indecision candlesSell Stop 4.33 LMT 4.33 GTC
Buy Limit 3.56 GTC
Buy Stop 4.95 GTC
\
SOL daily indecision candles in wave 3 downtrend
SOL daily bullish hammer on MA 200 gotta be quick countertrend. SOL daily bullish hammer on MA 200 gotta be quick countertrend. Stop loss below the wick, take profit at 1.2.
SOL daily bearish hammerSOL daily bearish hammer ABC or wave 3 doesn't matter. Don't like stocks below $10, but entry looks clean.
ReneSola Power Authorizes $50 million Share Repurchase!!!SOL: ReneSola Ltd
2021-12-06 06:00:00
ReneSola Power Authorizes $50 million Share Repurchase
SOL - nice risk reward hereIt looks like SOL bottomed here at the strong level. Made double bottom and wants to climb higher
Solar stocks are alive again, so I expect this one continuing the move up.
Stop 6.48
First target 10, strong resistance
$SOLThe price in this chart is moving on a sideway channel and a spring a “bear trap”
appeared. thus, if wee see a breakout its a more probably a real one. The breakout level should be above 7.75
SOL ReneSola Price TargetAfter the boom of energy stocks at the beginning of this year, now the retracement seems like a great opportunity to reenter the space.
On 4/30/2021 HC Wainwright Brokerage Reiterated Rating for SOL ReneSola to a Buy with a price target of $15.00
Based on the resistance ahead, i have a short term price prediction of 12.5usd.
RenesolaStrategy/Chart pattern: Breakout
Entry: 10$
Stop: 9.2$
Target: /
Risk/Reward-Ratio: /
Stopmanagement: Parabolic SAR stops daily chart default settings
Tempted To Build A Position In ReneSola (NYSE: $SOL) 😋ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2020, it operated approximately 100 solar power projects with an aggregate capacity of 173 megawatts. ReneSola Ltd has operations in the United States and Europe. The company was founded in 2005 and is headquartered in Stamford, Connecticut.
$SOL Target 21.58 for 47.81% $SOL Target 21.58 for 47.81%
Or next add level is at 7.62
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
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.
After Good ER
$ SOL - After a good ER and after a big drop down
I think it will be very strong, steep but we can move it over $ 15
SOL LongAs of today, $SOL has been in the bottom pattern and likely to break the low volumes with a push any day, First target above $13
Potential reversal hereSeems to have bottomed out after the downtrend off a head/shoulders pattern. Short term PT around $13, $14, and $17
RenesolaMission:
We are focused on improving production efficiency. We are also continually developing new product lines to provide additional value to our portfolio of green energy offerings
Recent News:
1. STAMFORD, Conn., April 8, 2021 /PRNewswire/ -- ReneSola Ltd. ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it closed the sale of an approximately 10 MW portfolio of solar development projects to Greenbacker Renewable Energy Company ("Greenbacker"). The sale continues a successful track record in North America. This sale will positively contribute to 1Q 2021 results and was not in the original first quarter guidance.
2. STAMFORD, Conn., April 1, 2021 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it closed the sale of a portfolio of projects originally disclosed on January 8, 2021. The projects are in Hungary and were sold to Obton, a leading international solar investment company headquartered in Aarhus, Denmark. The sale closed on March 19, 2021.
3. STAMFORD, Conn., March 25, 2021 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today disclosed the sale of two ground-mounted solar parks in Romania totaling 15.4 MW to Alternus Energy Group plc, a pan-European Independent Power Producer (IPP). The sale closed in December 2020 and will be reflected in fourth quarter 2020 results. Payment of €24 million was received this week.
What do you think?
Like, Follow, Agree, Disagree!
Renesola Q4 earnings resultsRenesola (SOL) reported breakeven results for the 4th Quarter December 2020 on revenue of $16.8 million. The consensus estimate was a loss of $0.01 per share on revenue of $24.6 million. Revenue fell 36.6% compared to the same quarter a year ago. The company said in its shareholders letter it expects first quarter revenue of $18.0 million to $20.0 million and revenue of $90.0 million to $100.0 million. The current consensus revenue estimate is $24.60 million for the quarter ending March 31, 2021 and revenue of $161.40 million for the year ending December 31, 2021. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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
TTC - trend channel
AlertiT - notification
www.tradingview.com
$SOL Target 23.26 for 40.54% $SOL Target 23.26 for 40.54%
Or next double level is at 9.84 (but I may add at any time prior to that)
@pallsant185 - I added here today. My average is 16.55 and target 23.26
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
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 - break out coming soonSOL is currently bearish. it needs to break descending line to break the downtrend. and move up. very good stock was above $30 recently.
