I have owned NYSE:JKS in the past and I’m looking for the best entry I can, I think solar is resuming its downtrend and I’m actually short on NASDAQ:ENPH , but my point here is I’m wondering if we have a 12345 wave here ending in daily bullish RSI divergence. If you’ve read my other posts I’m a big proponent of daily bullish divergence on the RSI to find the...
12/22 Close below 33 which is the neckline of I H&S pattern, could have triggered short, but the gap up above along with the accumulation volume suggests strength at this level. Next up test of 200EMA. Gap up and back test is one way to confirm it or open at 37/38 should further confirm the reversal.
This name moves fast and I won't be surprised if positive...
Bullish on $JKS!
based on analysis indicates massive potential for this stock, with a possible surge to the $50 mark in the near future. Currently priced around $40, upcoming days are crucial.
JinkoSolar has strong fundamentals and has been filling out a massive bullish pennant. It is currently at the lower bound of this range after just reporting positive earnings, putting it in a low risk, high reward zone.
Happy Trading.
Breaking the recent downward trend will be a challenging task, despite our strong support. Currently, we are below both the 200-day moving average (turquoise line) and the 50-day moving average (gray line), and we also need to surpass the RSI 50 level to initiate a strengthening.
If the upward movement begins, we will face resistance at the 50-day moving average...
Without shorting the underlying, if you are patient enough, you can consider the JKS 9/15 30P for 1.25 with a $22 price target... The puts captures two earnings report and if the stock breaks its $40 major support, we can expect an avalanche of selling down to $30. The mkt is saying there is a less then 10% chance it goes below $30, but I think it's more like 20%...
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...
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...
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...
