Hello Traders,
Jinko Solar has made a low @ USD 52.48 on June 16. After price have been pushed with a gap-up to USD 63.13 (June 21). Yesterday's trading session was an „inside-day“. Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's.
The alternate view suggests a wave „a“ to 52.48 and the advance since is all or part of wave „b“. So the next move should be to the downside, finishing a wave „c" to complete the flat structure!
A close of the open gap could be a first sign for this idea.
Update is coming within the next day's.
Have a great day.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Jinko Solar has made a low @ USD 52.48 on June 16. After price have been pushed with a gap-up to USD 63.13 (June 21). Yesterday's trading session was an „inside-day“. Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's.
The alternate view suggests a wave „a“ to 52.48 and the advance since is all or part of wave „b“. So the next move should be to the downside, finishing a wave „c" to complete the flat structure!
A close of the open gap could be a first sign for this idea.
Update is coming within the next day's.
Have a great day.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
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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.
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.