Perfect Long Setup

Hi all,

Fundamentals

pv-tech.org/longi-continues-green-hydrogen-push-with-sinopec-agreement/

Solar Module Super League (SMSL) member LONGi Green Energy has signed a strategic cooperation agreement with China oil and gas major Sinopec.

This is huge.

Green Hydrogen is still at its infancy and the growth potential in the industry is massive.

LONGi has set itself up to be a in a perfect position to explore these waters.

Together with its partnership with China's Sinopec, the push forward potential is great.

The Trade.

Daily Chart shows strong bull uptrend and holding about its moving average very strongly. Inidicating strong support above this line. A stop loss below this moving average sets up a great trade to achieve a first take profit level at the previous high at 120.

Higher probability trade with good risk reward ratio.

Happy trading all.

Thank you

ノート

MACD crossing 0 line, RSI heading up to bullish range, MFI showing strong bounce at the 50 level.

Ready to ride this upward momentum