JinkoSolar Holding Co., Ltd. : A rally is expected
Entry price | Target | Stop-loss | Potential |
---|
$20.59 |
$0 |
$18.8 |
-100% |
---|
The USD 17.12 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.
From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show.
Moreover, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors.
The security follows a downward trend in the short term, under the USD 24.65 resistance area.
In the mid and long-term, the trend is positive and should help at least a technical rebound. JinkoSolar Holding is not likely to continue its downtrend because it is near to a support (GBp 19.8).
Investors could open a long trade in the current area in order to aim the GBp 24.65 resistance. A stop loss will be placed below the GBp 19.8.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.