After consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run up to ER. Both previous price targets hit (see previous chart), undoubtably a long-term play, should provide multiple good entries. Bullish
PT1- $274.79
PT2- $283.67
PT3- $290+
Looks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well, bullish .
PT1- 260.77$
PT2- $270+
(Boxes are RSI based Supply/Demand zones)
PT1- $274.79
PT2- $283.67
PT3- $290+
PT1- 260.77$
PT2- $270+
(Boxes are RSI based Supply/Demand zones)
