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SolarEdge Tech (SEDG) Squeezing Tight Near Top of Value Area

SolarEdge Tech (SEDG) Squeezing Tight Near Top of Value Area

by | Jul 10, 2022 | Chart SetUps

SolarEdge Tech (SEDG) shares coiling in a bullish flag inside monthly value with a 300-upside trigger to watch. The solar stock has been showing great relative strength and made a higher low in June getting back over all its key moving averages and YTD VWAP near 275. MACD crossing higher showing momentum ready to run higher and a breakout can likely see a quick move to 330 and then eventually the untested VPOC up at 352.