Hallo! Good short deal in MAXN . Maxeon Solar Technologies Ltd it is an unprofitable company with a capitalization of 270 million USD. A good factor for the deal is the large average trading volume, which is almost $1.5 million. The dynamics of the company is constantly falling, and there are almost no chances for growth. It is a company from the solar energy sector, which in itself is not relevant in this phase of the market. The company does not pay dividends — this is good. And the company prices is at its historical lows. From the technical side, there is a clear level at 5.70 from which you can work. And there is a retest of the level that reinforces the sell signal. There is a tightening of the maximums of the bars to the bottom. What is important — there are no gaps and paranormal bars. I took a short position at a price of 5.38, a stop loss at a price of 6.11 and a final take profit of 1.73. Thank you for your attention, write what you think about such a trade
Yesterday, a stop loss order was executed on the position at MAXN (Maxeon Solar Technologies Ltd). However, the potential for the share price to fall remains, so I would expect a new entry point with minimal risk. The reason for the stop loss is an extremely positive market movement. Public account on the results of investments (profit + risk) is -1.
