SEDG Technical Outlook – Symmetrical Triangle After Breakout Run

☀️ SEDG Technical Outlook – Symmetrical Triangle After Breakout Run

Ticker: SEDG (SolarEdge Technologies)
Timeframe: 30-minute candles

🔍 Current Setup

SEDG staged a sharp rally from ~$26 to ~$32.50, followed by a consolidation into a symmetrical triangle pattern. This setup represents a bullish continuation pattern, where buyers digest gains before attempting another leg higher.

Triangle Resistance: ~32.80–33.00

Triangle Support: ~31.80

Current price: ~32.10, near the triangle apex.

📊 Breakout Levels
🚀 Upside (Bullish Scenario)

Trigger: Break and close above 33.00.

Intermediate Targets:

34.00–34.50 → First supply zone.

35.50 → Extension target.

Measured Move Target: ~37.00 (projected from triangle height).

🔻 Downside (Bearish Scenario)

Trigger: Break below 31.80, then 30.80.

Intermediate Supports:

30.00 → Round number support.

28.50–28.00 → Demand zone.

Measured Move Target: ~27.00 (triangle height projection downward).

📈 Volume Analysis

Volume expanded during the initial rally but has contracted during consolidation — a classic sign of a triangle pattern.

Expect a sharp volume spike on breakout, confirming the move’s direction.

⚖️ Probability Bias

Given the strong uptrend leading into the triangle, the bias favors a bullish continuation if resistance at 33.00 is cleared.

However, failure to hold 31.80–30.80 would negate the bullish setup and reintroduce sellers.

✅ Takeaway

SEDG is at a critical inflection point within a bullish continuation pattern:

Bullish Break > 33.00: Targets 34.50 → 35.50 → 37.00

Bearish Break < 31.80 / 30.80: Targets 30.00 → 28.50 → 27.00

Watch for volume confirmation to validate the breakout direction.