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*)
I am a buyer here at 30$.