Why?
Thinking CSIQ retraces a little as it did last January then continues higher (if the overall market conditions allow that). Check the yellow circle at the beginning of 2019 on the CSIQ chart. That shows what I think CSIQ is capable of provided the overall market agrees.
As it relates to the rest of the market, the CSIQ chart doesn't show that virtually the whole market ( $SPX and friends) is looking pretty weak -- as $SPX is in the process of forming an H&S top. For that reason I've also included an $SPX chart.
Putting all that together, the looming blue-line resistance shown in the CSIQ chart (and possible profit-taking and therefore small pullback) along with the possible H&S pattern in the $SPX chart encouraged me to take profits today and possibly re-enter the CSIQ trade early next week.
Recent CSIQ News
- Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance • PR Newswire (US) • 04/29/2024 11:00:00 AM
- Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2023 • PR Newswire (US) • 04/26/2024 12:20:00 PM
- Canadian Solar Earns EcoVadis Silver Sustainability Rating • PR Newswire (US) • 04/17/2024 11:00:00 AM
- Canadian Solar Schedules First Quarter 2024 Earnings Conference Call for May 9 • PR Newswire (US) • 04/16/2024 11:00:00 AM
- Recurrent Energy Secures 343 Million Brazilian Reais Financing for 152 MW Solar Project in Brazil • PR Newswire (US) • 04/15/2024 11:00:00 AM
- Recurrent Energy Secures €110 Million Multi-Currency, Green Loan Facility from Investec Energy and Infrastructure Finance UK • PR Newswire (US) • 04/03/2024 11:00:00 AM
- Canadian Solar Comments on Complaint Filed by Maxeon Solar • PR Newswire (US) • 03/28/2024 11:00:00 AM
- Recurrent Energy Expands Solar Pipeline in Spain with the Acquisition of a Portfolio exceeding 420 MWp • PR Newswire (US) • 03/20/2024 11:00:00 AM
- U.S. Stock Futures Rise Ahead Of PPI and Retail Sales; Oil Prices Climb • IH Market News • 03/14/2024 11:41:01 AM
- Canadian Solar Reports Fourth Quarter and Full Year 2023 Results • PR Newswire (US) • 03/14/2024 10:00:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 03/04/2024 01:22:49 PM
- Canadian Solar Partners with Sol Systems to Ramp Up U.S. Module Manufacturing • PR Newswire (US) • 03/04/2024 12:00:00 PM
- Canadian Solar Celebrates Contribution to Historic 100% Renewable Energy-Powered Super Bowl LVIII in Las Vegas • PR Newswire (US) • 02/29/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/28/2024 11:16:28 AM
- Recurrent Energy Closes Project Financing for 119 MW Solar Project in Mexico • PR Newswire (US) • 02/27/2024 12:00:00 PM
- CANADIAN SOLAR WINS TOP BRAND PV AWARD IN THE UNITED STATES • PR Newswire (US) • 02/15/2024 12:00:00 PM
- Canadian Solar Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call for March 14 • PR Newswire (US) • 02/14/2024 12:00:00 PM
- Recurrent Energy Closes $160 Million in Project Financing, Secures Microsoft as Customer for 127 MW Solar Project in Louisiana • PR Newswire (US) • 02/06/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/23/2024 12:07:26 PM
- Recurrent Energy Announces $500 Million Capital Commitment from BlackRock to Grow Its Global Renewable Energy Platform • PR Newswire (US) • 01/23/2024 12:00:00 PM
- Canadian Solar's e-STORAGE to Deliver 220 MWh DC of Battery Storage Solutions to Epic Energy's Mannum Project in South Australia • PR Newswire (US) • 01/08/2024 12:05:00 PM
- Recurrent Energy Completes Sale of 100 MW/200 MWh Battery Energy Storage Project in South Australia to Epic Energy • PR Newswire (US) • 01/08/2024 12:00:00 PM
- Canadian Solar's e-STORAGE Launches SolBank 3.0 with Higher Density and Advanced Safety • PR Newswire (US) • 12/12/2023 12:00:00 PM
- Apple Boosts Vietnam Production, Broadcom Revenue Miss, Stellantis Job Cuts – Latest Updates • IH Market News • 12/08/2023 11:23:53 AM
- Canadian Solar's e-STORAGE to Deliver 1,170 MWh DC of Battery Storage Solutions to the Largest Battery Storage Project in the UK • PR Newswire (US) • 12/07/2023 12:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM