I recently posted the following comments & chart on JASO (JA Solar) in the trading room & also noticed another solar stock that I've highlighted on numerous occasions in recent months, ASTI, which appears to have also set up in a potential bullish chart formation. posted today in trading room: I see a mixed bag in the solar sector now with some of the big players, like FSLR, looking ripe for a correction following the big rally in recent months. Some solars, such as JASO, have recently corrected with JASO having formed a falling wedge pattern after breaking out above the primary [...]
This video covers all of the solar stock trade ideas that I've been highlighting since early April, most of which have mounted gains in the high double-digits to triple digits. Updates on those trade as well as some additional trade ideas along with my near-term & longer-term outlook for the solar sector.
ASTI (Ascent Solar Technologies Inc) has rallied about 145% since the backtest of this falling wedge was highlighted on July 19th in the most recent video covering the energy sector & solar stocks, with the stock now close enough to the first target to book profits for those targeting that level. Next target (actual resistance level, best to set sell limit order slightly below) at 0.0023.
This will be the first of several videos covering some of the sectors, industries and commodities that appear to be setting up for objective trading or investing opportunities. This video starts with an overview of XLE (Energy Sector ETF) followed by the outlook for XOP (Oil & Gas Exploration ETF), OIL (Crude Oil ETN), USO (United Stated Oil Fund LP) and concludes with detail coverage of the solar sector, inducing TAN (solar ETN) and updates on all of the solar stocks that were first highlighted as setting up for what could be "potential explosive rallies" the April 4th Solar Stock Trade [...]
This video highlights long-side trade setups on individual solar stocks as well as TAN (solar ETF) with buy points & price targets. Included are the most of solar stock trade ideas highlighted back on in this post from April 4th as well as this follow-up post on May 25th. For those wishing to skip ahead to a particular trade idea, the following stocks are covered in this order: SEDG, SPWR, CSIQ, HQCL, FSLR, VSLR, GLBL, JKS, RUN, TERP, VNP.TO, JASO, YGE, TAN (etf), ASTI & BSRC.
As a follow-up to the Solar Stock Trade Setups post from April 4th, the majority of those trade ideas have exhibited very bullish price action, which I'll update below along with some additional long-side trade setups in the solar sector. SPWR (SunPower Corp) has rallied over 41% since posted as an aggressive long trade idea here at the bottom of the wedge just 7 weeks ago & still looks good up to at least T2 & possible T3. Trading around 1/10th of 1 cent, ASTI (Ascent Solar Technologies) is the most aggressive/speculative of all the solar trade setups that [...]
I've been monitoring the solar sector in recent weeks as there are quite a few stocks that appears to be setting up for what could be potentially explosive rallies following a vicious bear market in many of these stocks. Early this morning in the trading room, I mentioned a couple of solar stocks that I've taken starter positions today including YGE & FSLR. Although these are not official trade ideas at this time, several of the solar stocks are under consideration for long side Swing Trade ideas as well as potential Long-term Trade ideas. Official trade ideas, particularly the longs, have [...]