Hi traders, this is my take on CSIQ, I have no knowledge about fundamentals on this one, at all...
Always do your own DD .
Solar is a hot sector, literally..
There has been massive movements, but will they continue?
The trend is strong, and we surely will move more towards sustainable energy, but has the sector overheated and is ready for a retracement?
I don't think so, not yet.
I've drawn some rough estimates of how I believe future movements could be heading.
I'm pretty bullish, but that is because the seem to be very strong support always when we near the first fib. retracement level.
Hope this can help whether to set up a play on this one or not.
Have a good day.
Always do your own DD .
Solar is a hot sector, literally..
There has been massive movements, but will they continue?
The trend is strong, and we surely will move more towards sustainable energy, but has the sector overheated and is ready for a retracement?
I don't think so, not yet.
I've drawn some rough estimates of how I believe future movements could be heading.
I'm pretty bullish, but that is because the seem to be very strong support always when we near the first fib. retracement level.
Hope this can help whether to set up a play on this one or not.
Have a good day.