Canadian Solar bounce potential trade.
Its oversold and potentially pricing alot of the potential risk, making it attractive for a trade.
Fundamentally is attractive.
Tangible book value is 38 ish while stock is under 15.
They took one debt to build manufacturing facility, so debt is productive. 3.6b debt vs 1.94 cash.
PE is under 5, but when we factor in debt...
Analyzing the options chain and the chart patterns of CSIQ Canadian Solar prior to the earnings report this week,
I would consider purchasing the 19usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $1.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Why You Should Invest in Canadian Solar Inc.
Canadian Solar Inc. is a leading global solar power company with a strong financial position and a bright future. The company has a long history of profitability and growth, and it is well-positioned to capitalize on the growing demand for solar energy.
Financial analysis
Canadian Solar's financial position is...
Analyzing the options chain and the chart patterns of CSIQ Canadian Solar prior to the earnings report this week,
I would consider purchasing the 31usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $4.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Descending triangles are typically continuation meaning bearish but here I wonder if this is a reversal which would be bullish. With the sentiment of solar bullish again we might see an upswing
This week, I was mostly mad at myself for missing a great trade on AMD. I was waiting for Inverse Head and Shoulder to break the Neckline for some time now and I completely forgot about the setup. Note to myself: PUT ALERTS ON LEVELS YOU ARE WATCHING!
Put AMD aside, one stock caught my eye since last week. Most likely I will be buying them on Monday. CSIQ -...
Strategy Overview: The Frequency Formula
Our trading strategy, "The Frequency Formula," is built on cutting-edge Fourier Wave Transform theory. The strategy utilizes four unique indicators: the Frequency Formula Chop Indicator (FF-CI), Frequency Formula Trend Indicator (FF-TI), the Frequency Formula Volume Indicator with Combined Ratios (FFVI-CR), and the...
NASDAQ:CSIQ looks pretty interesting here in the #solar space
I have more exposure than I would have liked to with the way the market closed today.
Unless we open strong tomorrow and hold progress on my end, I have no plans in buying anything else after adding NYSE:ONON and NYSE:FND today
Price is currently stuck against this diagonal white dotted line
This has been seen in the past to occur
I believe there will be a small downward move, dropping slightly below the green channel, and then a large up swing will follow
I have tried to show this downward move within a falling wedge (a bullish pattern)
CSIQ is a market leader in today’s #1 sector - solar energy.
Shares soared over 60% between July and August as solar stocks came front and center as a leading theme in the market recovery. The 200-day moving average has begun sloping upward, putting CSIQ at the beginning of a new Stage 2 uptrend (see my previous post on the 4 Stages of the Stock Cycle).
The pink...
Making breakout from pennant consolidation, volume behaving nicely. Clean&Renewable Energy showing signs of strength big time.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Earnings watch 5/24:
CSIQ
SBLK
INTU
DOLE
RL
AZO
JWN
BBY
WOOF
ANF
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt...
$CSIQ designs and manufacture solar modules and solar products..
very defined DTL with 4 lower highs. current price action have already cleared 3 VWAPs from from the highs, with the last VWAP coinciding with DTL BO level
taking out $38 will exhibit strength to its rising MAs
Just started learning Supply and Demand so wanted to throw my thoughts out there and see how it plays.
From my analysis so far.. It looks like there was selling pressure on Friday creating 3 new Supply Zones which is the daily, 4 hour, and 3 hour in which needs to be broken for CSIQ to sit comfortably at the 40+ range which I think will happen sometime this week...
This great stock has been selling off for a good while now. I think now is a pretty good time for entry, as there is some good upside potential for this one.
Let me know what you think of this stock.
