Longi reversalEnd of the bearish parabolic down move, now into a reversal structure, first target is around 30
601012 trade ideas
Longi Green China is expected to target 32.3Daily chart, Longi Green China stock is trading in a falling wedge. After crossing the resistance (blue line) at around 22.3, the chart pattern target will be 32.3
Technical indicators RSI and MACD are positive
Stop loss level at 20.5 should be considered.
Perfect Long SetupHi all,
Fundamentals
www.pv-tech.org
Solar Module Super League (SMSL) member LONGi Green Energy has signed a strategic cooperation agreement with China oil and gas major Sinopec.
This is huge.
Green Hydrogen is still at its infancy and the growth potential in the industry is massive.
LONGi has set itself up to be a in a perfect position to explore these waters.
Together with its partnership with China's Sinopec, the push forward potential is great.
The Trade.
Daily Chart shows strong bull uptrend and holding about its moving average very strongly. Inidicating strong support above this line. A stop loss below this moving average sets up a great trade to achieve a first take profit level at the previous high at 120.
Higher probability trade with good risk reward ratio.
Happy trading all.
Thank you
LONGi - New opportunity to enter longFinally a meaningfull pullback from LONGi, been waiting for a chance to purchase more and its finally here.
Keep a lookout for the MFI crossing back up over the 35 line and MACD crossing over. This should coincide with the short term MA as I dont see it dropping below ~80 to 90.
The upside and take profit levels would be at around 120 to 150, stop loss at 70 will bring a nice risk-reward ratio for this trade.
601012:SSE - LONGI GREEN ENERGY - Recovery after pullbackPointed out to me by @Rolandofgilead this is a great example of the stock pattern that I like to trade. Photovoltaic space (light into electricity) which I think is pretty hot right now and will be for years. Nice long run with 15% or less volatility, with a pullback followed by a steady recovery. RSI is crossing up through 55, volume looks good, and a buy signal on the SuperTrail. What I will do is place a stop buy order a little bit above where it closed on Friday to enter the trade if it heads up - so buying into strength. Might be worth a look if you can trade HK / Chinese stocks.
LONGi is unstoppable, ride one of the best trains in townHi all, I've never posted my analysis about LONGi on this forum.
In the silicon ingots/wafers industry there is a king, and this king is LONGi. It is quite clearly a "monopoly" and has been controlling the MONO(pun-intended) capacity and since it becoming the maintream now and for the foreseaable 3 years, There is no signs of any significant competition coming in to challenge its dominance.
WIth continued further advancement and expansion of its capacity and continuous growth of the industry, it is clear the direction is up.
FInancials post healthy margins, cashflow, and very reasonable PE ratio.
Volatility in markets has created an excellent opportunity to trade a wonderful stock. Especially in times where funds are constantly pulling out during policy changes and fund repositioning. These creates perfect buy opportunities.
Look to trail profits when a higher high has made of 5.00, It seems that the change in structure is happening in this order of the trend. I found this is a good range of TP
Longi Green Energy Tech: A Green Chinese A-Share CompanyI have identified another company that is within the Chinese A-Share realm with a strong balance sheet and strong growth. This company is Longi Green Energy Tech.
Entering at 29.89
Target 41 or 42
Stop: 20
