I have JinkoSolar on watch with a clear double bottom on all time frames, for an even cleaner view please refer to the weekly chart. 41 - 42$ range is proving strong support and I would like to see this hold over the next few days before jumping in. If broken, I see further downside to 30$.
Eventually even with a rally to the upside, We can expect lots of resistance around 56$ due to all of the bag holders created in the recent run up.
Great name for swing trades, but also a good set up longer term. Watch out for US-China tensions as well.
Any thoughts? (*This is not financial advice, for sake of discussion and illustrative purposes only*)
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I am actually surprised by the brutality of this tech sell-off. I am a buyer here at 30$.