trading2day
Long

Bullish flag breakout

NASDAQ:CSIQ   CANADIAN SOLAR INC
58 0 2
The weekly chart in CSIQ             is a bullish flag . Current price action shows that price is near breaking out above the flag. Conservative target is 50-55$ while an equal leg upward to the previous upward move can bring the share price towards 60$. The sideways consolidation in CSIQ             is most probably over. Short-term support at 35$ and at 33$. A break below these levels could signal a fake breakout and a reversal could bring price towards 26$-28$.
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