If all other market indicators are not significantly below average,
ARRY
appears poised to emerge from a year-long consolidation as a leading supplier of renewable energy components. During the past week, it concluded trading above the 22.43% Fibonacci retracement level. This was a direct result of robust earnings stemming from a well-established global supply chain and a promising future demand for components in Solar Plant Systems.
For further reference, you can check out this link: https://www.iea.org/data-and-statistics/charts/share-of-cumulative-power-capacity-by-technology-2010-2027
It's projected that the
ARRY
's price will rise to $30, as numerous investment institutions' analysts have identified it as having potential for a higher trading value than its current level.
Highlighted in green are two strategies for trading
ARRY
appears poised to emerge from a year-long consolidation as a leading supplier of renewable energy components. During the past week, it concluded trading above the 22.43% Fibonacci retracement level. This was a direct result of robust earnings stemming from a well-established global supply chain and a promising future demand for components in Solar Plant Systems. For further reference, you can check out this link: https://www.iea.org/data-and-statistics/charts/share-of-cumulative-power-capacity-by-technology-2010-2027
It's projected that the
ARRY
's price will rise to $30, as numerous investment institutions' analysts have identified it as having potential for a higher trading value than its current level. Highlighted in green are two strategies for trading
Trade active:
Early longs taking profits. Some shorts closing trade.