Hello. Jinko Solar, the biggest Solar Company, is still only valued at roughly 3Billion USD.
I think Solar Energy in general is still undervalued and the Sector is just picking up and pretty bullish the coming Years as we need Green Energy desperately.
To be fair we had a pretty crazy Solar Run the last months but with a multi month/year outlook there´s still way more room to go.
I would rate this setup above average risk because of this run but expect the green 10year old S/R Zone to hold.
I think we will see another retest and this would be a good time to enter JinkoSolar and wait for new ATH´s.
This stock is Ultra volatile, dont underestimate this.
My buy Zone is 30-42 USD. (propably would suggest to ladder buy)
DYOR and please leave a like :)
I think Solar Energy in general is still undervalued and the Sector is just picking up and pretty bullish the coming Years as we need Green Energy desperately.
To be fair we had a pretty crazy Solar Run the last months but with a multi month/year outlook there´s still way more room to go.
I would rate this setup above average risk because of this run but expect the green 10year old S/R Zone to hold.
I think we will see another retest and this would be a good time to enter JinkoSolar and wait for new ATH´s.
This stock is Ultra volatile, dont underestimate this.
My buy Zone is 30-42 USD. (propably would suggest to ladder buy)
DYOR and please leave a like :)
Comment:
Longterm this could be a 10x or more play.
Comment:
after doing some more thinking on the charts i believe there is another scenario possible.
worst case is testing the green support again. so i may advice buying low end of my zone (28.5-30.5 USD) and look how things go (epxecting a dead cat bounce there even if we see green supp), keeping in mind that we may be up for some lower price action.
Longterm im still very bullish.
worst case is testing the green support again. so i may advice buying low end of my zone (28.5-30.5 USD) and look how things go (epxecting a dead cat bounce there even if we see green supp), keeping in mind that we may be up for some lower price action.
Longterm im still very bullish.