Jinko Solar.....Are you ready to rumble?
Hello Traders,
Jinko Solar has made a low @ USD 52.48 on June 16. After price have been pushed with a gap-up to USD 63.13 (June 21). Yesterday's trading session was an „inside-day“. Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's.
The alternate view suggests a wave „a“ to 52.48 and the advance since is all or part of wave „b“. So the next move should be to the downside, finishing a wave „c" to complete the flat structure!
A close of the open gap could be a first sign for this idea.
Update is coming within the next day's.
Have a great day.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Jinko Solar has made a low @ USD 52.48 on June 16. After price have been pushed with a gap-up to USD 63.13 (June 21). Yesterday's trading session was an „inside-day“. Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's.
The alternate view suggests a wave „a“ to 52.48 and the advance since is all or part of wave „b“. So the next move should be to the downside, finishing a wave „c" to complete the flat structure!
A close of the open gap could be a first sign for this idea.
Update is coming within the next day's.
Have a great day.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!