CSIQ Stock: Indications Support Higher Prices

Canadian Solar Stock  I have the inclination to believe that the solar stocks are starting to heat up, and this is why I am focusing on Canadian Solar Inc

BUZ INVETORS Canadian Solar Stock  I have the inclination to believe that the solar stocks are starting to heat up, and this is why I am focusing on Canadian Solar Inc. (NASDAQ:CSIQ) stock because there are indications on the CSIQ stock chart that are suggesting that it is attempting to put in a bottom and stage a rally. The same can be said of Canadian Solar stock’s peers, which is suggesting that this move towards higher stock prices is a sector-wide phenomenon.

Finding bottoming patterns in this stage of the equity bull market is not an easy task, but one thing is for certain: The best time to acquire an investment is when it is transitioning from a bear market into a bull market. Canadian Solar stock is currently painting a trend reversal pattern on its stock chart, suggesting that such a transition is about to take place.

The following Canadian Solar stock chart illustrates the same chart but with an indicator that supports the notion of a break above the neckline.




Canadian Solar Stock

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CSIQ price chart

 

This CSIQ stock chart is focusing on the golden cross that was generated in June 2017. A golden cross is a bullish signal that is used by the investment community to indicate that a bull market is in development. This signal is generated when the blue 50-day moving average crosses above the red 200-day moving average. This signal captures the point in time where the shorter-term trend begins to accelerate versus the long-term trend.

The following stock chart illustrates this other influential indicator that is suggesting that Canadian Solar stock is now set to appreciate.

canadian solar price chart

 

This CSIQ stock chart illustrates a very influential indicator known as the moving average convergence/divergence indicator, simply known as “MACD.”

MACD is a simple indicator that is used to distinguish whether the dominating driving force behind a stock is bullish or bearish momentum. The stock chart clearly shows that this indicator is worth paying attention to.

In July 2012, a bullish cross was generated, indicating that the stock was set to appreciate because it was geared higher by bullish momentum. This investment appreciated to the tune of 837.84% before a bearish cross indicated that the advancement in price was complete and a correction was set to ensue. This bearish MACD cross was in effect for a little over two years, where Canadian Solar lost 35.55% value over that time.

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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