Younger name showing relative strength in renewable space. Like it on a pull back into the green box with targets at the recent high, Nov 15th pivot and Fib RT. Tight stop below green box or below 618 Fib below box for longer term hold. Small cap name so could be volatile. Broad market trend must support move.
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Pulling back to the entry zone but trading is tricky with the heavy data coming out Wed, Thur & Friday. Will only enter if price is in a good zone and we get positive data news. A move down to the 21 ema plus positive news would be the ideal setup.
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Got the pull back and the positive reaction to news. If not already long look for an entry after some consolidation or a breakout.
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Short term trade on ARRY was stopped yesterday Dec 27th with close below the green box. Offered a few quick bounce trade opportunities but could not hold due to market weakness. Still a viable long term hold above the 618 fib. Caution is needed as TSLA has weakened the alternative energy space.