Canadian Solar (CSIQ)
Today’s Chart of the Week comes from our powerful Follow the Flow Report.
This scan looks for unusual options activity, but specifically seeking very aggressive directional bets being put on by institutions at a very high level.
Someone wanting in this strongly is a big catalyst for us. And when we see that in conjunction with a stock breaking out of a consolidation like CSIQ, today’s Chart of the Week looks particularly attractive.
We are long CSIQ above 44 with a price target of 65.
Below 44, there’s no breakout, but above that we are long for a 47% gain.
Great reward, limited risk, lots of action, what’s not to love?
Til next week, good trading,
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