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zAngus
Nov 1, 2020 10:31 PM

601012:SSE - LONGI GREEN ENERGY - Recovery after pullback 

LONGI GREEN ENERGY TECHNOLOGYSSE

Description

Pointed 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.
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