Hey all,
I've long been following solar stocks as they've behaved very strangely and interestingly since the pandemic- it had an incredible markup phase that more than pumped solar stock valuations, and has yet to correct. Considering what is happening right now on its chart, I suspect that it is breaking down from distribution and preparing to head lower through year-end. Also, if you merely look to the left, solar stocks have a history of having violent falls from grace I think this thing breaks its 52W lows. Moreover, names within the sector look primed for violent moves down.
I've long been following solar stocks as they've behaved very strangely and interestingly since the pandemic- it had an incredible markup phase that more than pumped solar stock valuations, and has yet to correct. Considering what is happening right now on its chart, I suspect that it is breaking down from distribution and preparing to head lower through year-end. Also, if you merely look to the left, solar stocks have a history of having violent falls from grace I think this thing breaks its 52W lows. Moreover, names within the sector look primed for violent moves down.