NASDAQ:CSIQ   CANADIAN SOLAR INC
121 1 2
Didn't quite hit target, but nice enough. Nearing the .50 retrace. See how it handles or if it it blows right through to the .618.
It retraced some on the daily…

2015-02-03 ……… $27.30
2015-02-05 ……… $24.93

That 0.618 level you have on there at about $32.50 looks like a resistance level to me, but it's already bounced of that level once on the way down. It's not fresh.

For supply levels, I like to see a good level as base-drop, or rally-base-drop, or even drop-base-drop. This is a bounce and then back down. I haven't learned harmonic trading yet, so I can't commetn to that. But there may be a resistance bounce around 32.50.

$35.00 on the daily is a nice drop-base-drop. There was a big sell-off starting at that price.

I'll keep my finger on the button for that one and see what it does. Got a feeling it's gonna make it right on through the current supply level, but will watch closely on this one. The


Some fundamentals:
CADUSD is turning on the Monthly supply levels, and is inversely correlated with Crude (CL1!). Strong Canadian dollar, Strong Canadian Company, über bullish sector (energy).
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