Possible bull flag on JKS. The break out target is into the lower 70's. My buy in target is $55.50 with a SL @ 53. History shows there is a lot of supply around the 64/65 dollar area and that is where I will take profit if it plays out. The MACD is curling ever so slightly to the downside, the 200 DMA is acting as support now. I like this set up, but I have my...
JKS has formed a nice triangle / flag structure and is in the process of breaking out of the 2.618 Fibonacci circle from a downtrend line Bullish on this Weekly timeframe
Recently China's been catching a bid and Solar's been one of the leading industries in the market. One thing I don't like is JKS has been one of the weakest players in solar. I always want to be focused on the strongest name in any sector. In the medium to long term that trend is likely to stay in place. But short term we might see some catch up in JKS vs...
Entry: 56.2 TP1: 52.7 +6.6% TP2: 50.5 +11.3% SL: 60.8 -7.5% Period length: 24 days
Very early low cheat on this solar name. Its trying to move out today.
6th Aug 2022 May wait for pullback to long and ride with the uptrend. Trade safe.
Took a long position on JKS based on following basis: strong close (top of the range) on Friday bounce from 50SMA 50 i 200SMAs show uptrend. The entry was after the break of Friday's high. We will see how it holds. I will not have a problem to sell is it turns around on me. I am still not sure of this market.
Signs of accumulation on the right side of this ascending triangle formation JKS holding up nicely since March 2022 while the general market is going down Outperforming the SPY, Sector and Industry You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas
Hello Traders, as I wrote at my latter analysis:“Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's. „ That is what exactly happened yesterday and on June 28. The level to top is now at 69.69 USD (intraday peak) or on a closing basis @ 76.53USD! And this...
JKS looking decent if market gets better and breakouts start working again..
Hello Traders, Jinko Solar has made a low @ USD 52.48 on June 16. After price have been pushed with a gap-up to USD 63.13 (June 21). Yesterday's trading session was an „inside-day“. Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's. The alternate view...
Hello Traders, Jinko Solar (Ticker: JKS), a company producing Solar panels and more for the Solar industry, is moving sideways since it's high @ USD 90.20 in October 2020! I have labeled this high as waves (A) of Intermediate degree, what stays in contrast to the labels before, which are impulsive. Please take an eye to the corrective labels since waves (A) high...
JinkoSolar has shuffled in a range for more than a year, but now the Chinese PV stock may be attempting a breakout. Notice how JKS closed above its November high on Monday and Tuesday. The result? A new 52-week high at a time when the S&P 500 is still 14 percent below its high. Second, the 50-day simple moving average (SMA) recently rose above the 200-day SMA....
once again we reached extreme resistance zone on JKS, will it finally break above or will history repeat itself? watching for longs above 71.85, shorts below 62.61
Despite the recent selling JKS continues to show signs of strength, and looks like it wants to breakout of this triangle pattern soon. RSI bullish confluence Whale trade option flow and price above 30wk MA has my bias to the upside. An idea would be to follow the whale or go long calls with another OPEX - I'm in JUN 55 calls Watching for rejection as it...
Breakout on 3D chart +++ Holding well above 50 EMA ++ Pivot trendline resistance acting as a support (for now) ++ Takeaway: Hallmarks of a leader...everything seems to looking up for this name. Sector should benefit the sympathy play due to high energy prices. Setting up for ATH.
Been consolidating for quite some time, now ready to explode above the resistance trend!
Desicion to Buy. Entry Price = $52.85. Target Price=$55.83. Stop Price=$49.87.