Solar Edge (SEDG) has printed a massive cup and handle bottoming pattern at historic support level and is not trying to break above a significant S/R zone. 🌞
with big tech blowing all their cash on data centers for AI that nobody really wants nor needs, investors are rotating into energy, and it looks like some renewables are a part of that mix (and rightfully so).
This idea is invalidated if it fails to hold above the highlighted zone.
Just a quick post - pick your own targets, traders :)
CD
with big tech blowing all their cash on data centers for AI that nobody really wants nor needs, investors are rotating into energy, and it looks like some renewables are a part of that mix (and rightfully so).
This idea is invalidated if it fails to hold above the highlighted zone.
Just a quick post - pick your own targets, traders :)
CD
Trade closed: target reached
This played out quite nicely. ^I didn't even mention the big earnings surprise that surely supported the idea. This may help the uptrend continue. I'm wary of chasing green candles but will be looking to reenter Note
Worth noting that this major S/R zone is currently being retested - We shall see if it provides support for the next leg up, or if it will it break down
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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.