obiens

JKS: a relative calm before a storm

Long
NYSE:JKS   JinkoSolar Holding Company Limited
Having followed this stock for years, it's been characterized by a high beta, sharp uptrends and slow bleeds to reverse those. Now it needs to decide whether to start a leg up or continue down. I have labeled a bullish and a bearish Elliott count in the chart. RSI seems very constructive to me. Keep in mind this has grown to be the largest photovoltaic solar panel manufacturer - an industry that is in a mega uptrend in terms of adoption - and this is trading below book value.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.