18.02.2015 - The price of SolarCity consolidates within the triangle

Stock price of SolarCity continues to consolidate within the triangle. After the price rebound from a strong support level at 47.00, quotes, approached an important level of 60.00. According to our estimates, quotations will decrease in the near future and will continue to move within the triangle. A buy signal will be fixation above the level of the 60,00. In this case, quotes can grow to 76.00 and 87.00. Consolidation below 47.00 will become the cause for opening short positions with the potential drop to 26.70. We forecast the price growth in the medium term, recommend but to wait for the confirmation of the signal for opening positions.

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