I have JinkoSolar on watch with a clear double bottom on all time frames, for an even cleaner view please refer to the weekly chart.
41 - 42$ range is proving strong support and I would like to see this hold over the next few days before jumping in. If broken, I see further downside to 30$.
Eventually even with a rally to the upside, We can expect lots of resistance around 56$ due to all of the bag holders created in the recent run up.
Great name for swing trades, but also a good set up longer term.
Watch out for US-China tensions as well.
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
41 - 42$ range is proving strong support and I would like to see this hold over the next few days before jumping in. If broken, I see further downside to 30$.
Eventually even with a rally to the upside, We can expect lots of resistance around 56$ due to all of the bag holders created in the recent run up.
Great name for swing trades, but also a good set up longer term.
Watch out for US-China tensions as well.
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Nota
I am actually surprised by the brutality of this tech sell-off. I am a buyer here at 30$.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.