Solar directionals
Orange directionals : Fast recovery to the upside, top out earlier than other possible directionals. The drawback is a risk of longer term decline. At the end, the challenge to the bottom middle blue line might occur here. Increased volatility is due to the distance between top and bottom.
Blue directionals : Correction continues to the downside and bring solar stocks back into stable range. The drawback is a reduced ATR. The big positive will be that Solar stocks remains in range upwards that will grow for years. This will allow individual solar companies to compete on a level playing field.
Yellow directionals : Solar companies have enough cash on hand and will put the capital to work. The expectation is to keep cost basis about 72.50 for the average investor in order to give investors a chance to reduce their cost basis by mid-summer, or hold the stocks.
Caution: The arrows are approximately drawn for education/illustration purpose, and does not mean the prices will arrive at their ends precisely where they are drawn. All arrows may get to their targets early or break to the further upside, or decline to the downside extensively.
Blue directionals : Correction continues to the downside and bring solar stocks back into stable range. The drawback is a reduced ATR. The big positive will be that Solar stocks remains in range upwards that will grow for years. This will allow individual solar companies to compete on a level playing field.
Yellow directionals : Solar companies have enough cash on hand and will put the capital to work. The expectation is to keep cost basis about 72.50 for the average investor in order to give investors a chance to reduce their cost basis by mid-summer, or hold the stocks.
Caution: The arrows are approximately drawn for education/illustration purpose, and does not mean the prices will arrive at their ends precisely where they are drawn. All arrows may get to their targets early or break to the further upside, or decline to the downside extensively.
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