Downloading...
Download

JKS

JKS - too good to be trueAfter recommending NYSE:JKS for long term purchase last November, idea went trully ballistic in recent months making around +500% since the time of recommendation. Despite such price increase, company still does not seem particularly expensive (it was a bargain in low teens) and high purchasing volume also hints that trend higher may continue for years to come. However, short term wise, JKS is clearly very overbought, and decent correction may ensue shortly. looking for spots to take some profits off the table should be priority strategy in the upcoming weeks.
NYSE:JKS
by Silvestrov
$JKS JinkoSolar Overextended - Bearish Options Activity$JKS JinkoSolar Holding Co. - RSI and volume trending down after a huge parabolic runup recently. Expecting a near term retrace sub-$50. Keep a close eye on the 20d ema line on the hourly chart. This has held up as support this entire run. A break below this line will confirm the downward move is underway. Recent Bearish Options Activity: 15k $55.00 strike (OTM) 10/16 puts traded last Friday (7x OI) for $2.4M in premium. Near term target: $44-$48 range
NYSE:JKSShort
by Triple_Barrel_Capital
5