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May 8, 2015 7:17 AM

Critical sessions ahead for the CSIQ 

Canadian Solar Inc.NASDAQ

Description

Despite better than expected EPS announced yesterday, price action was bearish as price is being rejected once again at the upper trend line resistance and the bullish flag breakout pattern does not get a confirmation. The only positive signal is the fact that the weekly candle touched cloud support and bounced. Unless bulls see a push above 36$ over the next few sessions, stock price will be vulnerable to a deep pull back.
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