Symmetrical Triangle - Sympathy Play

6 בפבר׳ 2023

Eyeing the entire solar sector here as ENPH heads into earnings tomorrow after retracing back down to the 220 range. Intend to play both, however, SEDG is unique in the sense that there was not the usual retrace back to its respective 200-day MA and has been trading rangebound for quite some time now. Some slight hidden bullish divergence on the RSI, a big symmetrical triangle, a bullish gartley harmonic pattern, and increasing buyer volume relative to seller volume. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below

PT1- $325.71
PT2- $328.88
PT3- $334.29
PT4- $341.68 +

--Previously Charted--
https://www.tradingview.com/chart/SEDG/ehRE4ly7-Update-Inverse-H-S-Bullish/
https://www.tradingview.com/chart/SEDG/BQjRQ9wI-Symmetrical-Triangle-Watching-closely/

8 בפבר׳ 2023

הערה

✅ PT1, 2, & 3 Reached

9 במרץ 2023

הערה