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SEDG Trade Entry

SEDG (SolarEdge Technologies) will be added as an Active Long Trade here as the stock is starting to break above this bullish falling wedge on above average volume. The suggested stop is any move below 16.60, a relatively tight stop to help mitigate losses, should this prove to be a failed breakout, with the sole price target of 18.44. Additional targets might be added going forward. The suggested beta-adjustment for this trade is 0.75.

SEDG daily Sept 28th

SEDG daily Sept 28th

note: CSIQ is another solar stock that I took a long position in today & might also be added as an official trade soon. I posted notes on both CSIQ & SEDG in the trading room earlier today.

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Sep 28, 2016 9:54am|Categories: Completed Trades - Long|Tags: |2 Comments

2 Comments

  1. rsotc September 28, 2016 10:05 am at 10:05 am

    CSIQ, the other solar stock mentioned above & in the trading room earlier, took out this minor downtrend line today & is currently testing the primary downtrend line which also makes up the top of this bullish falling wedge pattern. A solid break above this pattern would trigger the next objective long entry. CSIQ is not an official trade yet but I just wanted to share the chart for those interested.

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  2. GetItRiight September 28, 2016 1:26 pm at 1:26 pm

    That was quick. Stopped out.

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