Sure. I actually just bought $RUN and $NOVA. Though looking at the broad market and futures, and after hours activity I'm deeply regretting it and mentally preparing myself for losing hundreds of dollars tomorrow.
$RUN has fallen below all of the major moving averages on the daily chart and as of today we have a death cross on the daily chart (50ma just touched the 200ma). On the weekly chart it fell below the 50ma (it's actually the only major solar stock that has), and on the monthly chart it looks to be falling towards the 20ma on that chart. If you do a fib. retracement of the bubble that formed over 2020, it looks like we are heading towards the 61.8% mark which is roughly $43. I see it heading there next, which means I better get out tomorrow otherwise I'll be down in the thousands.
I could be wrong of course, but I don't see any good indications and I am going to regret holding onto these shares when the morning comes and I'm down $500 or more.
Ah, but that doesn't indicate a long term drop, just that there is going to be some drop. If you look at the macd on your photo you can see that the average and signal lines are still above the histogram during that move which means the stock is still in an uptrend for whatever timeframe you are looking at.
Unfortunately, Ms. Ganguly is probably the worst writer over at StockNews. She does very shotty research and too often just plain gets her facts wrong.
I do see a lot of trickery but I'm getting used to what to look for. I'm not sure what is wrong on that chart, that is a hanging man candle at the top of a run up which is bearish and there's a big red candle after it which is what one would expect.
Maybe. The broad market looks about ready to go through a correction or at least some sort of pullback and that is going to drag these solar stocks down a lot. Maybe to the point at which they are safe long term buys.
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Completely disagree. $ATNF is a great buy.
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Same here!
4 Clean Energy Stocks Set To Outperform Says Evercore ISI
Sure. I actually just bought $RUN and $NOVA. Though looking at the broad market and futures, and after hours activity I'm deeply regretting it and mentally preparing myself for losing hundreds of dollars tomorrow.
$RUN has fallen below all of the major moving averages on the daily chart and as of today we have a death cross on the daily chart (50ma just touched the 200ma). On the weekly chart it fell below the 50ma (it's actually the only major solar stock that has), and on the monthly chart it looks to be falling towards the 20ma on that chart. If you do a fib. retracement of the bubble that formed over 2020, it looks like we are heading towards the 61.8% mark which is roughly $43. I see it heading there next, which means I better get out tomorrow otherwise I'll be down in the thousands.
I could be wrong of course, but I don't see any good indications and I am going to regret holding onto these shares when the morning comes and I'm down $500 or more.
charts.stocktwits.com/.../original_318856470.png
4 Clean Energy Stocks Set To Outperform Says Evercore ISI
Ah, but that doesn't indicate a long term drop, just that there is going to be some drop. If you look at the macd on your photo you can see that the average and signal lines are still above the histogram during that move which means the stock is still in an uptrend for whatever timeframe you are looking at.
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Unfortunately, Ms. Ganguly is probably the worst writer over at StockNews. She does very shotty research and too often just plain gets her facts wrong.
4 Clean Energy Stocks Set To Outperform Says Evercore ISI
I do see a lot of trickery but I'm getting used to what to look for. I'm not sure what is wrong on that chart, that is a hanging man candle at the top of a run up which is bearish and there's a big red candle after it which is what one would expect.
4 Clean Energy Stocks Set To Outperform Says Evercore ISI
Maybe. The broad market looks about ready to go through a correction or at least some sort of pullback and that is going to drag these solar stocks down a lot. Maybe to the point at which they are safe long term buys.
4 Clean Energy Stocks Set To Outperform Says Evercore ISI
I'm actually holding $RUN and $NOVA shares that I just picked up, I'm probably going to get destroyed tomorrow for doing so. So I'm a little bitter.