SWSSOLAR is nearing triangle breakout

83
SWSOLAR is in triangle consolidation
Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on bounce of the triangle's support line
Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line
Target : T1 400, T2 500 on strong breakout, giving around 30% or 60% returns from current price of 302.85.

Reducing revenue, income, asset, etc. for past 3 years is a concern. So this is not recommended for long term holding, but may be suitable for breakout gains.

Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.