SHLS daily - long position after breakout
THE CONSISTENT TRADES analyze SHLS as a bullish/strong fundamental stock and therefore would be traded only in a long position.
SHLS is inside a symmetrical triangle which would be bullish when a breakout occurs. Even though it is bullish fundamental stock, its price moves are more bearish than bullish as those red days are on big drops while volume is bigger on down days than up days.
It is below 8, 20, and 50 days MA but above BigRed which is bullish.
Volume, for now, is more on the bear side.
RSI is neutral.
MACD is more bearish than bullish.
Overall: SHLS needs to move above all major MA and then on a bigger volume breakout of a symmetrical triangle to trigger a long position. Even though it is a strong company, its price looks like it could drop before earnings. In the case of moving up and breaking out of the triangle, the long position would be above the blue dotted trendline.
In the case it drops below the trend line, a short position would NOT be triggered due to the fundamentals of the company.
SHLS is inside a symmetrical triangle which would be bullish when a breakout occurs. Even though it is bullish fundamental stock, its price moves are more bearish than bullish as those red days are on big drops while volume is bigger on down days than up days.
It is below 8, 20, and 50 days MA but above BigRed which is bullish.
Volume, for now, is more on the bear side.
RSI is neutral.
MACD is more bearish than bullish.
Overall: SHLS needs to move above all major MA and then on a bigger volume breakout of a symmetrical triangle to trigger a long position. Even though it is a strong company, its price looks like it could drop before earnings. In the case of moving up and breaking out of the triangle, the long position would be above the blue dotted trendline.
In the case it drops below the trend line, a short position would NOT be triggered due to the fundamentals of the company.
Consistency is the key of success....