ARRY - Macro accumulation ModelWhat is good - So ARRY is currently in a massive accumulation range
You would want to see another structured move down to create move structure because I do not typically like these sort of entries.
If confirmed you are looking at a potential 300% play on this one.
Keep it on the radar guys-
Silent accumulation until retail steps in.
Arraytechnologies
Array Technologies receives buy rating from CitibankArray Technologies, Inc., a leading manufacturer of solar trackers, recently received positive remarks from Citibank, boosting investor confidence. Despite facing current operational challenges, including the firing of its CFO, increased transportation costs, project delays, and inflation pressures impacting margins, Citibank has upgraded Array Technologies' stock from neutral to "buy." Analysts underscore the company's long-term growth potential, particularly highlighting its innovative smart
Array Technologies Opportunity Array Technologies - NASDAQ:ARRY
Aksel Kibar from TechCharts was the first to cover this trade and after looking over his brilliant analysis which I highly recommend you review, I have added some of my own observations.
- Price is above the 200 DSMA & POC giving us good
underside support and good areas thereunder to
place a stop.
- My targets align closely with Aksel's targets,
however I have used Fibonacci Extensions and
amazingly these line up nicely with the pattern
Possible Bullish pattern on ARRYNice and pretty strong pattern is forming on the weekly time frame on ARRY- Array Technologies, the one called Ascending Triangle pattern. The formation is clearly visible with three confirmations already made at the top, and the best part, once it reaches the bottom line of the formation the drop is getting smaller and smaller.
Things to consider and watch:
1. Perfect entry point for me would be break of the upper line of the Ascending Pattern formation, sitting at price range from $23.76 to
$ARRY POTENTIAL LONG FROM £18Array Technologies Inc: Install the world's premier solar tracker easily, affordably and quickly in more places. Minimize environmental impact with reduced earthwork activities and grading costs.
$ARRY has been up trending since weeks, now testing support again.
Today's FED meeting will give us a clear vision on equities future, this setup is only valid if FED remains dovish.





