Clean pullback on CSIQ with decreasing volume.
This is one of my favorite setups, a clear breakout on good volume with a decent pullback with decreasing volume. It's similar to one of my previous posts on PRTS. I entered a position on 07/01 and added more on 07/02. I think there's a good possibility well see a gap up on Tuesday and a strong move to 46/47+ throughout the week. PT is 50.
I also have to mention how the solars traded very strong last week or two, after so many big moves there's going to be some profit taking. I think selling is over given the volume drying up and CSIQ reacting to this fib retracement level.
I also have to mention how the solars traded very strong last week or two, after so many big moves there's going to be some profit taking. I think selling is over given the volume drying up and CSIQ reacting to this fib retracement level.
Trade closed: stop reached
Trade active
Trade closed manually