My Opinion: Growth stock with sideways consolidation. EMA convergence. STOCH pivoting momentum from undervalued to overvalued. Should contest $80. Thoughts?
Most of the volume is being traded in the $64-65 zone. Every move into this area has result in violent selling back down to the volume shelf. There's a chance this ticker will move upwards quickly on the next solar push.
Rationale Solar Sector is bullish long term Price is getting towards the end of a consolidation phase (range getting tighter) Price sitting on a massive volume shelf Declining Volume since January
Looks oversold, gaining volume, will be looking for an entry tomorrow
Getting tight here watch for breakout, on watch pre market for me
Watch consolidation and if it stays between it should break out around March 19th. Price Targets are the yellow lines.
Nice up trend here followed by a nice base - massive bull Flag. Let the gains begin. Good Luck!
This seems to be an inverse head / shoulders formation. There is a support level below the head at the 61.8 retracement level
I think that JKS will go up to around $73 and hit the resistance then go down to about $65. And once that happens it should shoot up past $80.
JKS has had choppy price action recently, but the re-test of the dynamic trendline makes it a solid candidate for long positions (Good R:R). Wave 2 appears to have formed a expanded flat with a larger retracement in the 0.618-0.768 zone. Ideally, JKS would hold the $61 level before a wave 3 run-up. Wave count becomes invalidated under $57.50
JKS TA 1. Bull Flag on Daily, Apex this week. 2. Past Month indicates Reverse Head & Shoulders 3. 40% on RSI shows historical Reversals - Mid RSI band acts as Turning point 4. Fibonacci Support Buy Zone is 59-62 5. "JinkoSolar Begins Construction On 20 Gigawatt Solar Cell Factory" - 1 week ago 6. Biden Administration Pro-Solar 7. Squeeze Initiating 8. Neaing 100...