Solar stocks have been in a downtrend for over the past year to year and a half. Over the past few weeks solar has been showing signs of heating up. Let’s apply our cycle analysis to solar stocks to see where the opportunity lies.
I decided to start with the monthly charts of 5 solar stocks, ASTI, FSLR, HQCL, SOL, and TAN. All of the aforementioned has been caught in an extensive selloff that for some encompassed several years.
All of the above are in their timing band to print a yearly cycle low. All of them have formed a monthly swing low in February, except TAN. Tan appears to have printed its yearly low in October but has stalled until now. All of this points to these solar stocks beginning a new yearly cycle.
In my Special Solar Report we will look at where these solar stocks are in their intermediate and daily cycles in order to scope out a low risk entry near a daily cycle low.
I would like to make this report available here. The Special Solar Report and a complementary 1 month subscription to the Likesmoney Premium Site is available for $25.
The complementary subscription will give you full access to the premium site. It includes:
1) The Weekend Report, which is posted usually Sunday mornings. It discusses Dollar, Stocks, Gold, Miners, The CRB Index, & Bonds in terms of daily, weekly and yearly cycles – Which includes the Likesmoney Cycle Tracker.
2)The Mid-Week Update. Posted on Wednesday’s – This is a review of the daily charts for the above mentioned asset classes.
3)Weekend Update look of the daily & weekly charts of Corn & DBA
4)Weekly Update of the Bullish Percentile Bingo
5) Frequent (just about daily) updates of my proprietary FAS Buy/Sell Indicator
The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.
For the Likesmoney Special Solar Report and 1 Month Trial Subscription click here.