NYSE:DQ   DAQO New Energy Corp
Hello fellow traders and investors, here's another trade idea.
DQ has recently broken out of the downtrend channel . It's had a nice little rally in the past 3 days, after this large impulsive move I am expecting a small pullback however I do expect it to make a recovery to its highs which offers another 60% ROI from the 80$ price entry I would be aiming form.

The Macd indicates that it's oversold and in an uptrend
The bullish volume is getting exhausted which means we will most likely see a pullback

When To Buy:
Around 80 to 85$

When To Sell:
I recommend selling at its previous high

Fundamentals: DQ is a leading manufacturer of high-purity polysilicon for the global solar PV industry. They have a P/E of 243.43, a P/S of 8.86, a debt/equity of 0.32, sales growth Q/Q of 108.30%, an EPS growth Q/Q of 232.60%, a profit margin of 19.10%, a short float of 11.90% and I do have to warn that this stock has a very high volatility .

Rating: 90/100 if you buy at the 80$ range the technicals look good and so do their fundamentals even tough their valuation is quite high.

I hope you enjoyed this quick analysis and many more to come.
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