greenieS
Verified member
Jinko Solar is a Chinese company and one of the top three photovoltaic panel manufacturers in the world.
From 2014 to 2020, the share price was traded close to $ 20, ranging from a maximum of $ 30 to a minimum of $ 10.
However, in September 2020, the stock price rose dramatically, breaking through resistance and rising by 300% in less than 3 months.
This impressive increase finally came to an end in early October, after reaching $ 90 per share.
Thus, some traders initially opted to take over the profit, which led to an initial decrease in the share price, and then evolved laterally until February 2021, where a further decrease followed.
To better understand your trading strategy, here is a chart over a shorter time horizon:
For the graphical analysis, we used the RSI indicator and the two lines that indicate the support and resistance levels.
As can be seen in the chart above, at the beginning of February, the stock price broke through the support level and, after a failed attempt to return to the side, the price followed a downward trend, which stopped when the RSI dropped below 30 points.
The evolution of the actions of this company in the last 5 years:
2020 - 175.1%
2019 - 127.4%
2018 - -58.88%
2017 - 57.91%
2016 - -44.96%
Conclusion - Investments in Solar Energy Companies
In recent years, the development of solar energy as a sustainable energy source has become a reality. The sector has grown in competitiveness, efficiency and capacity. It has become a strategic and important sector in almost every country in the world.
The solar energy sector is one of the fastest growing sectors in 2020, with production growth of over 20%, well above the rest of the renewable energy sector.
By 2030, the sector is supported by international organizations and local authorities to encourage its development. Of course, this can also be interpreted as a risk, depending on the legislation in force and the development and financing priorities of the sector.
From 2014 to 2020, the share price was traded close to $ 20, ranging from a maximum of $ 30 to a minimum of $ 10.
However, in September 2020, the stock price rose dramatically, breaking through resistance and rising by 300% in less than 3 months.
This impressive increase finally came to an end in early October, after reaching $ 90 per share.
Thus, some traders initially opted to take over the profit, which led to an initial decrease in the share price, and then evolved laterally until February 2021, where a further decrease followed.
To better understand your trading strategy, here is a chart over a shorter time horizon:
For the graphical analysis, we used the RSI indicator and the two lines that indicate the support and resistance levels.
As can be seen in the chart above, at the beginning of February, the stock price broke through the support level and, after a failed attempt to return to the side, the price followed a downward trend, which stopped when the RSI dropped below 30 points.
The evolution of the actions of this company in the last 5 years:
2020 - 175.1%
2019 - 127.4%
2018 - -58.88%
2017 - 57.91%
2016 - -44.96%
Conclusion - Investments in Solar Energy Companies
In recent years, the development of solar energy as a sustainable energy source has become a reality. The sector has grown in competitiveness, efficiency and capacity. It has become a strategic and important sector in almost every country in the world.
The solar energy sector is one of the fastest growing sectors in 2020, with production growth of over 20%, well above the rest of the renewable energy sector.
By 2030, the sector is supported by international organizations and local authorities to encourage its development. Of course, this can also be interpreted as a risk, depending on the legislation in force and the development and financing priorities of the sector.
