Jinkosolar Swingtrade-Idea after Diamondtop throwback
Hello Trader,
after H2- and solar-stocks busted in the last weeks,
Jinko-Solar found it's way back to a "normal" trendline.
Jinkosolar allready dropped 43% since the breakout of the diamondtop
and there is the possibility that the support at 28,68€ gets tested or broken,
I would wait wether this happens or not.
The FIbonacci-, trend- and supportline stopped the drop in day-chart until now.
If the supports keep on supporting I would like to buy at 28,68€, after the support
was tested in a positive way.
Stopp-loss: 22,70€
Slightly beneath the next support
Take-profit: 43,79€
Due to Bulkowskis rules, but with a 6% trailing-stopp after the price passes 31,00€.
This is only a idea not a tip/hint for you to trade on.
Did I read the chart right, talking about the diamondtop?
What do you think about my risk/profit ratio?
If you got the time please give me a feedback.
Have a good one and thanks for reading.
after H2- and solar-stocks busted in the last weeks,
Jinko-Solar found it's way back to a "normal" trendline.
Jinkosolar allready dropped 43% since the breakout of the diamondtop
and there is the possibility that the support at 28,68€ gets tested or broken,
I would wait wether this happens or not.
The FIbonacci-, trend- and supportline stopped the drop in day-chart until now.
If the supports keep on supporting I would like to buy at 28,68€, after the support
was tested in a positive way.
Stopp-loss: 22,70€
Slightly beneath the next support
Take-profit: 43,79€
Due to Bulkowskis rules, but with a 6% trailing-stopp after the price passes 31,00€.
This is only a idea not a tip/hint for you to trade on.
Did I read the chart right, talking about the diamondtop?
What do you think about my risk/profit ratio?
If you got the time please give me a feedback.
Have a good one and thanks for reading.
