June 24 Chart of the Day - SolarEdge Tech
Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so that's what we use for the basis of our reviews
SolarEdge (SEDG) Stock Falls As Analysts React To $300 Million Private Offering and since we received a request to review this chart we thought we'd perform a price action technical analysis review.
We have featured over 220 Charts of the Day during the past year and teach Price Action Trading for FREE to traders who join our Highly Rated Trade Room.
This first thing that comes to mind when taking a look at this chart is NO, Don't Do IT!!!!
We'll let the charts speak for themselves...
Monthly Chart
Weekly Chart
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones,
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think.
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