This is a solar technology stock, and they are very fragile in the economic environment which we have now.
Be aware that this is a low volume stock, but looking at technicals it looks promising. RSI, SMI low, CCI starts to go up. It is gaining strength against SPY. It came back to a 1D base.
Things are lining up. At least for what I look for in swings. And......
Young Singaporean company Maxeon Solar Technologies makes solar panels and components for an international market that is facing a deepening energy crisis. Maxeon is found everywhere from Sunpower-branded products, developing projects, system integrators, residential and small-scale commercial customers.
Trying out Elliott Wave Theory combined with a very...
Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and...
Bullish
- Broke downward trend
- Broke neckline / major S/R
- Making Higher lows
- Funds accumulating
- Great value
- Good R/R trade
- Hot theme
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“Our greatest glory is not in never falling, but in rising every time we fall.”
Cheers and happy trading!
maxn just did a triple bottom bounce off a support zone and at extreme RSI support levels!
great risk reward for longs at these levels, once it breaks the small flag my price targets are 20.72-24.58
like and follow for more 💘
MAXN Long🚀📊
It is not financial advice. This is my opinion. Please check yourselves and invest in the symbols that you think have a huge potential to reach the best results.
please leave us your opinion and reviews.🙏
Good Luck 👍
