Emeren Group Ltd Sponsored ADR

SOL

1 324
The total shortage of chips in the world is driving everything related to semiconductors to grow. Renesola is one of them. Since the last local growth, the security from the price of $ 35 has corrected by 45%, with the simultaneous formation of the Flag pattern, and recently broke it up. We, traders, know that the stronger the correction was, the better the subsequent growth will be, which is expected here with the achievement of 3 targets - 29.45, 34.95 and 40.23 (total growth of 93%). I recommend unloading 33% of the position upon reaching each of the goals, as growth will slow down, which will delay your capital in this trade.

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