At current stock price, the P/E is extremely inflated above 70 ! SEDG has no reason to be trading at these prices whatsoever, once the last impulsive wave #5 is completed, the sell will come like a tsunami! Good luck to bag holders!
Short term- buy and consolidate position Long term- bullish
Wave 3 is approaching the maximum potential (3900-4000) then a mulit-year correction abc (wave 4) is expected
Over extended beyond Bollinger bands, should retract before shooting up again. Where can I buy a double cheese burger with my overweight fat Bitcoin?
You don't have to short this once, but keep an eye once the flat is completed for a promising buying opportunity before the end of the year.
Bull and bear scenarios on the chart As of now the picture is clear: Biden wins, Republicans retain Senate = 3 T stimulus is gone. Trump won't accept the election results- Plan B and Plan C are already in place to retain power. Either way, the markets are at a pivotal intersection, sharp moves are underway. Risk what you can lose ... it can go either way
Expect BYND to bounce from 0.5 fib level and form an ABC correction during market volatility period before continuing to the upside target on the chart Set stop loss limit and re-enter once the correction is completed and ride the impulsive wave!
I suggest staying away from this until after the elections
If DXY breaks out of the channel, many will be caught off guard!
everything posted on the chart- short with confidence and set strict stop loss
Earnings will be announced in a week, I believe they will miss the estimate this time. risky trade, posted to share my thoughts
There will be no stimulus deal before the election- Pelosi won't hand that card on a golden plate to Trump before the election, period! Nov 3rd: If Trump wins- continuation of bubble to a new ATH If Biden wins- election will be contested due to mail-in voting fraud and riots will engulf everywhere until the situation gets under control. This is only one of...
This is not a day trade idea- this is applicable for long term investment (buy & hold). Good luck!
Short with confidence and set your limits accordingly - irrational market can behave irrational for so long but reality will prevail.
The party is almost over, be very cautious!