Xinyi Solar Holdings (968.HK) – [ Broke Out, Upside Target Revised]

23rd June, 2021, 7:14 AM

Xinyi Solar Holdings (968.HK) – [ Broke Out, Upside Target Revised]Xinyi solar

Chart source: Poemsview 23rd June 2021

Xinyi Solar ( was a HK counter we posted just at the start of June when we saw a potential break. Although the break didn’t come immediately we waited patiently for it to break before springing into action. Remember even as an investor or trader, patience is a virtue! Waiting for the right timing is critical in staying in the game. Buying a good stock at the wrong price is also not ideal.

As Xinyi Solar finally broke out over a week ago it did not immediately take flight but actually made a mini U turn. One more important point to note especially if you’re venturing into the Hong Kong market is that it can be very volatile. It is known as the beast of the East and there is a reason for it. It can move up fast and fierce and U turn within the day and its all part of the market movement.  What’s key is to ensure you have a sound trading plan in order not to be tossed left and right by such movements.

As for Xinyi Solar, it has hit our first resistance target from our previous post of $15.60 which is over 10% since the breakout. It came close to our second resistance of $16.90 but failed to reach it and closed with an ugly candle. We’re expecting some profit taking to come in. But in the mid term are eyeing $18,70 as the next stop.

We hope you have gained some knowledge from reading our post. Stay safe and keep on learning!




Xinyi Solar Holdings ( 968.HK) – [Watching For That Break! ]

1st June, 2021, 7:26 PM

Xinyi Solar Holdings ( 968.HK) – [Watching For That Break! ]Xinyi solar 1st june 2021

Chart Source: Poemsview 1st june 2021

Xinyi Solar (968.HK) s a leading global solar glass manufacturer. Its  strengths are in the R&D, manufacturing automation, process optimization, technical sales support and after-sales services of solar glass products. It has made substantial investments in solar farm project development.

It has corrected about 60% from the high of HKD$24.80 to a low of $9.90. If you believe in clean energy being the future then this might be a stock that you might want it to be in your portfolio. Also with the recent drop in price, it is more price friendly as HK stocks require a minimum number of shares to buy in.

As of now Xinyi Solar is currently at the downtrend line resistance. If it manages to break above that resistance we might see more upside to around $15.60 then $16.9.

Our support is $12.75 and $11.80. Scaling in by batches is what we advocate. All investment carries risk , so do ensure you have a proper trade plan in place before investing.