Oversold conditions can last a while but this has been bleeding red candles for a while now.
Looks like panic to the max in a straight line down without any green in sight!
Even sellers will eventually become exhausted.
Price is closing in on a prior gap that may provide support.
This would have been a very profitable short so far.
Short is around 3.4% today.
No recommendation.
Looks like panic to the max in a straight line down without any green in sight!
Even sellers will eventually become exhausted.
Price is closing in on a prior gap that may provide support.
This would have been a very profitable short so far.
Short is around 3.4% today.
No recommendation.
Note
probable bounce very soonNote
Neither of these companies have fantastic fundamentals and neither pays a dividend. Yet FSLR was up today and ENPH was down. An example of a market that makes no sense yet we try to make sense out of it. You just can not.FSLR Fundamentals
EPS (FWD)
-1.65***
PE (TTM)
165.90
Div Rate (TTM)
0
Short Interest
4.54%
Market Cap
$15.51B
ENPH Fundamentals
EPS (FWD)
4.36
PE (FWD)
55.13
Div Rate (TTM)
0
Short Interest
3.39%
Market Cap
$32.67B
Note
1-19
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.