SWSSOLAR is nearing triangle breakout

4 de set. de 2022

SWSOLAR is in triangle consolidation
Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on bounce of the triangle's support line
Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line
Target : T1 400, T2 500 on strong breakout, giving around 30% or 60% returns from current price of 302.85.

Reducing revenue, income, asset, etc. for past 3 years is a concern. So this is not recommended for long term holding, but may be suitable for breakout gains.

Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.