Chart Spotlight: Canadian Solar (CSIQ)

Over the last few weeks, I highlighted a few opportunities with Chart Spotlight.

  • On July 13, for example, I highlighted Generac Holdings (GNRC), as it traded around $212. It’s now up to $265.50.
  • On July 26, I highlighted Albemarle (ALB), as it traded at $224. It’s now up to $280.15.
  • On August 3, I highlighted Marathon Digital Holdings (MARA), as it traded around $13. It’s now up to $15.26, and could still move higher with Bitcoin.
  • On August 5, I spoke about Tellurian (TELL), as it traded at $3.15. It’s now at $4.35.

With the help of the screeners at MarketClub, that’s not bad at all.

Today, I'm taking a look at solar stocks, like Canadian Solar (CSIQ), which MarketClub is rating with a strong +100. Not only is this an indication of a strong long-term trend, it’s also telling us the intermediate and short-term trend is up for CSIQ, as well.

In fact according to the Chart Analysis Score, at a +100, CSIQ is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CSIQ continues to climb. MarketClub's most recent green monthly Trade Triangle occurred on August 5 at $38.18.

CSIQ Chart With Trade Triangles

Source: MarketClub

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