03.08.2016 - Quotations of SolarCity can rebound upwards after the recent reduction

Price of SolarCity showed a sharp correction within the local rising channel, after some consolidation below 27.40. In case of breaking the local rising channel's lower border and fixing below 24.50, we expect the continuation of negative price dynamics to 20.00 and 16.00. More likely is a rebound upwards to 27.40 In the near future. Our medium-term outlook is positive.

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