In this exciting video, we're delving into a powerful trading idea centered around Xinyi Solar Holdings (XYSF). Xinyi Solar, a leading solar energy solution provider, presents a promising opportunity for traders seeking to maximize profits in the renewable energy sector.
Join us as we dissect:
📈 A detailed breakdown of our innovative Xinyi Solar trading...
Another position opened and closed in profit, and the price rich a level and an interesting area between the level price of 8.70 and 8.01 let's see if the stock will use this area to accumulate before the broken, continuing the downtrend or will use as a support to start a new up trend.
My vision is still short, let's see.
Xinyi Solar (968.HK), the largest solar glass manufacturer in China, is on a downward trend. Compared with its downturn in the industry, the share price is not easy to recover. It is ideal to wait at the sideline until the stock price had sharp correction.
Bullish
Fundamental
- Leading industry
- healthy fundamental
-
TA
- Correction momentum is diminishing forming a potential bullish pennant
- Price is still within upward trend
- Price is under pressure with POC level
- Will be keen
1) price above POC
2) price above 200MA
3) price breakout pennant
4) momentum breakout
accompanied with volume !
Xinyi Solar (0968.hk) completed a 3 month long Head & Shoulders pattern. We already have a breakout last week. We are now in the retracement phase. As this is now at a good entry-level, we're set to get in on the next red candle.
Intermediate Price Targets: 12.50, 10 ==> important support levels
Final Price Target: 8.94
Good luck!
It doesn't really matter much which one you choose, they move pretty much the same.
They may have hit a bottom on May 13.
They have been falling since January.
I think they are still far from reaching their absolute maximums.
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A quick review of Xinyi Solar Holdings Ltd.
1. The company fundaments are strong.
2. The technical chart is bullish, from monthly to daily Timeframes.
I am currently up 31.33% on a BUY position in just under a month. Awaiting a pulback towards $10 for more BUY entries.
Xinyi Solar Holdings is the world's largest manufacturer of solar photovoltaic glass. Looks a bit overextended price wise currently based on the RSI, so will wait and watch.
The company specializes in the research and development, manufacturing, sales and after-sales service of solar photovoltaic glass, and provides solar photovoltaic glass products to major...
