Solaredge Technologies Inc (NASDAQ: SEDG)

SolarEdge Technologies, Inc. manufactures and supplies DC optimized inverter systems for solar PV installations. The company’s DC optimized inverter system consists of power optimizers, inverters, and cloud-based monitoring software. Its products are used in a range of solar market segments, including residential solar installations, and commercial and small utility-scale solar installations. The company primarily sells its products directly to solar installers, distributors, wholesalers, EPCs, and PV module manufacturers worldwide. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Hod Hasharon, Israel.
Take a look at the 1-year chart of SolarEdge (NASDAQ: SEDG) below with my added notations:

SEDG has formed a key support level at $27.50 (green) over the past month. In addition, the stock is declining against a short-term, downtrending resistance level (red). These two levels combined had SEDG stuck within a common chart pattern known as a descending triangle. Eventually, the stock will have to break one of those two levels.

The Tale of the Tape: SEDG is sitting at its triangle support. A short trade could be made on a break of support or on a rally up to resistance. A long trade could be made at support or on a break through the triangle resistance.