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JinkoSolar Holding Co., Ltd. Message Board

  • dsaddasd65 dsaddasd65 Dec 27, 2010 4:24 PM Flag

    Needs to get over 23

    This will break the trendline

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    • I think JKS just needs to get above the 20 day moving average (22.27 at today's close) to change the trend to up. The 20 day and 13 day (22.24) have converged to almost the same price and other technical indicators have already turned up. Once the stock gets above the 20 day MA, the 13 day will turn up and cross above the 20 day, a bullish short term signal. The 20 day is trending down so it will be easier for the stock to close above it. Essentially, JKS has traded sideways while basing and the moving average caught up to the price. The last time JKS traded above its 20 day moving average was 10/27/10 when the stock closed at 30.48 and the 20 day was at 29.21. Six days later JKS hit its high of 41.75. Once JKS clears the 20 day MA and the 13 day crosses above the 20 day and turns up, I think you'll see a lot of buying from sideline money and short covering.

    • Hang in there, when most fear mongers bail, then the buying starts. The whole solar industry is flat right now, but just wait & see what happens as this oil increases.

20.66+0.02(+0.10%)12:10 PMEDT