I think we are seeing a massive top in many stocks, solar looks specially vulnerable and it's one of the sectors I'm short of.
If it doesn't break over today's high going forward chances are it is dropping all the way back down...We would need a Biden victory, or a tax law change for this to come to pass though (oil dropping would also help, or subsidies going...
It has just been announced that Sunrun (RUN) will be buying out another competitor solar company, Vivint Solar (VSLR) in a multi-billion dollar deal. RUN has been trading in a rising channel since the mid-March lows, and news of the acquisition may cause an upward breakout of the channel. In addition, the daily volume on RUN has been on a nice incline, and we may...
I like the solar sector here. I own RUN. I think VSLR will breakout higher from this flat top resistance. Volume has been good and price is aligned above the supporting moving averages.
first it broke the first support. why? because technically the chance was high (ascending triangle pattern). But now it is time to short. why? 6 reasons:
1- Rising wedge is clear in the picture and we are on top resistance trend line.
2- Although we broke the first support ( triangle pattern), it could not manage to break the main support. normally when we break...
Thank you for your time!
I am just trying to see if I placed my strategies correctly.
Tomorrow is earning's report but based on my very low knowledge, I see the trend falling down.
Please forgive me if this is not how you use the platform, I am just learning and trying to get confirmation of what I know.
Here is an idea for a quick trade. I have a one hour BUY signal on VSLR. Notice the last time we got the 1 hr BUY it went up for a few days and was a nice return. Be Nimble.
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parabolic drive down #2, can probably extend to $20.000 on a lower volume day/ week. attempt to catch exact bottom is risky
- Bullish on NYSE:VSLR
- Stock broke above a short-term symmetrical triangle pattern.
- Prices are supported by a rising trend line
- MACD broke above the signal line while MFI is turning up (>50)
- On a weekly chart, the stock is trading within an ascending triangle pattern.
