Analyzing the options chain and the chart patterns of SOL Emeren Group prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SOL has been continuing its rally since February 7, 2024. At the moment, I think it has completed the 1st wave of the Elliot Wave impulse wave and started the 3rd wave. As of today, I opened my long position and I think it will rally to a minimum of $ 3.
If it falls below $1.90, I will close my long position. I plan to close part of my long position around $3....
It looks like SOL bottomed here at the strong level. Made double bottom and wants to climb higher
Solar stocks are alive again, so I expect this one continuing the move up.
Stop 6.48
First target 10, strong resistance
The price in this chart is moving on a sideway channel and a spring a “bear trap”
appeared. thus, if wee see a breakout its a more probably a real one. The breakout level should be above 7.75
After the boom of energy stocks at the beginning of this year, now the retracement seems like a great opportunity to reenter the space.
On 4/30/2021 HC Wainwright Brokerage Reiterated Rating for SOL ReneSola to a Buy with a price target of $15.00
Based on the resistance ahead, i have a short term price prediction of 12.5usd.
ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction...
$SOL Target 21.58 for 47.81%
Or next add level is at 7.62
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first...
Mission:
We are focused on improving production efficiency. We are also continually developing new product lines to provide additional value to our portfolio of green energy offerings
Recent News:
1. STAMFORD, Conn., April 8, 2021 /PRNewswire/ -- ReneSola Ltd. ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated...
Renesola (SOL) reported breakeven results for the 4th Quarter December 2020 on revenue of $16.8 million. The consensus estimate was a loss of $0.01 per share on revenue of $24.6 million. Revenue fell 36.6% compared to the same quarter a year ago. The company said in its shareholders letter it expects first quarter revenue of $18.0 million to $20.0 million and...
