End of the bearish parabolic down move, now into a reversal structure, first target is around 30
Daily chart, Longi Green China stock is trading in a falling wedge. After crossing the resistance (blue line) at around 22.3, the chart pattern target will be 32.3 Technical indicators RSI and MACD are positive Stop loss level at 20.5 should be considered.
Hi all, Fundamentals www.pv-tech.org Solar Module Super League (SMSL) member LONGi Green Energy has signed a strategic cooperation agreement with China oil and gas major Sinopec. This is huge. Green Hydrogen is still at its infancy and the growth potential in the industry is massive. LONGi has set itself up to be a in a perfect position to explore these...
Finally a meaningfull pullback from LONGi, been waiting for a chance to purchase more and its finally here. Keep a lookout for the MFI crossing back up over the 35 line and MACD crossing over. This should coincide with the short term MA as I dont see it dropping below ~80 to 90. The upside and take profit levels would be at around 120 to 150, stop loss at 70...
Pointed out to me by @Rolandofgilead this is a great example of the stock pattern that I like to trade. Photovoltaic space (light into electricity) which I think is pretty hot right now and will be for years. Nice long run with 15% or less volatility, with a pullback followed by a steady recovery. RSI is crossing up through 55, volume looks good, and a buy signal...
Hi all, I've never posted my analysis about LONGi on this forum. In the silicon ingots/wafers industry there is a king, and this king is LONGi. It is quite clearly a "monopoly" and has been controlling the MONO(pun-intended) capacity and since it becoming the maintream now and for the foreseaable 3 years, There is no signs of any significant competition coming in...
I have identified another company that is within the Chinese A-Share realm with a strong balance sheet and strong growth. This company is Longi Green Energy Tech. Entering at 29.89 Target 41 or 42 Stop: 20