JinkoSolar Holding Co., Ltd. (NYSE: JKS)

JinkoSolar Holding Co., Ltd. engages in designing, developing, producing, and marketing photovoltaic products in the People’s Republic of China and internationally. It offers solar modules; solar cells; silicon ingots and silicon wafers; recovered silicon materials; solar power project development and solar system integration services; and processing services. The company sells its solar modules to distributors, project developers, system integrators, and other players in the solar power industry under the JinkoSolar brand, as well as on an original equipment manufacturer basis.
To review Jinko’s stock, please take a look at the 1-year chart of JKS (JinkoSolar Holding Co, Ltd.) below with my added notations:

Since November of last year JKS has essentially been trading sideways while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. JKS’ rectangle pattern has formed a $37.50 resistance (red) and a $25 support (blue). A break above $37.50 would also be a new 52-week high.
One other level to watch is the downtrending resistance (DR) on JKS. If the stock is heading lower, that trendline could be the stopping point. A break though that line should mean a run back up to $37.50

The Tale of the Tape: JKS is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $25, on a break through the DR, or on a breakout above $37.50. The ideal short opportunity would be at the DR, or on a break below $25.
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