SWSSOLAR is nearing triangle breakout

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.

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.