BDRTrigger33
Long

$SEDG Consolidating and Resisting Trace-Down to Fill "Gap"

NASDAQ:SEDG   SOLAREDGE TECHNOLOGIES INC
$SEDG - like many others in the NE sector made a massive leap (circled red region). Now, it is time to see if it retraces that gap and hits the trough of it (Marked with an "X") -- or if it hits a consolidation period to be followed by even more parabolic action (UP OR DOWN).

The harmonics here are quite a gamble, but the overall trend upwards over the last six-months provides a solid basis for expecting: CONSOLIDATION, followed, by a leap back to the top of the gap, and possibly beyond...

That is to say, THIS IS A LONG. No sell-target pinpointed yet; that info will follow after the trend begins to solidify one way or the other.

Good luck and happy trading!

-BDR
Comment: Worth noting, I guess: I had a stinker timing the entry on this, and it is less than ideal 218.00/share. Currently @ 210, this is a MUCH MORE VIABLE entry-point for those who want in on the ...non-advice...or idea.
Comment: Up 1.71 percent thru the first 30 mins of the trading session; gap still being resisted - this could work out very nicely over the next short while: Looking at potential exits for it will likely form my next Trading view "idea" - thanks!
Comment: Up 5.2 percent; EYEING TARGET Peak of 245.00; Parabolic action makes it difficult to discern, but this averages two pivot points and puts a good mark for it to reach...tracing back down to the < 210 area seems to be an afterthought, but that would be a potential exit if it reverses (which it is currently showing no signs of).
Comment: Hitting a lot of resistance between 220 and 222; slight reversal here. Still showing no signs of a retrace to under 210 though.

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