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Weekly chart not looking well; so, much caution here. A short long position with an entry above the red line may provide a quick return.
traderCarl
3 years ago
Not looking good? the MACD is winding up to make a big move up, I think, and Stoch. is moving up too.... this is a cup and handle pattern but your not showing the cup in your chart.
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littleriver
3 years ago
I agree with you short term. My comment was directed to the weekly Stoch chart. I should have been more specific. It is on the way down. I am bullish on solar but I have a seen at least one of these play out the other way, ASTI. So, i am cautious. And yes, i do see the cup and handle forming, good catch . Nearly every solar stock is in some stage of this formation.
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