This is one of my favorite setups, a clear breakout on good volume with a decent pullback with decreasing volume. It's similar to one of my previous posts on PRTS. I entered a position on 07/01 and added more on 07/02. I think there's a good possibility well see a gap up on Tuesday and a strong move to 46/47+ throughout the week. PT is 50.
I also have to...
CSIQ entry setup above today's high. The 50 EMA has come down to the 200 EMA and looks ready to turn back up. A long trend line was broken 3 days ago after a nice rounded base and the gap down has finally been filled.
East chart to read. Fell below 200ma premarket; Why is this important? Csiq hasn't been below 200 am since last may (Anniversary) 37$ is next target , after that the H&S is obvious.
Canadian solar made a breakout down of the trend channel. So a lower price till 37 CAD is possible, which may a speculativ buy option.
I will check this in 2-3 weeks again.
Signal in the chart:
1. Increasing volume follow by Green Pentagon
2. Price cross above 20ma
3. Low volume from downbar yesterday
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Earnings this week..so a risky trade to trade before earnings. This sector has pulled back quite a bit.
CSIQ appears to be trading in a bullish Bat, but time will tell. There is also a bearish version of the bat (a bear bat (o: which looks like a crooked W. This is a Bull Bat and looks like a crooked M. If this is a bat, then the pattern completes at the .886...
