Thread by @malteseinvest

Analysis: #NASDAQ $CSIQ

Case 304 #Canadian_Solar Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CSIQ 1/4

Chart 1
Weekly Chart: The long term trend is #bearish and the short term is #bullish but for the last two years price action has been constrained in a 25.07 - 11.53 range. A close above the former will .....

CSIQ 2/4

..... add to the bullish tone but then price needs to begin to hold above 26.65 (channel top) and tackle the 2015 #pivot #resistance at 28.96.

CSIQ 3/4

Chart 2
Daily Chart: The Mar. 2020 gap has been filled and price has traded marginally lower. A close above 20.15 is now required.

The #Strategy is printed on the image.

$CSIQ 4/4

Apologies, please note Chart 1 should read Monthly Chart rather than Weekly.... thanks!