Short MAXN - Maxeon Solar Technologies Ltd

Open short in MAXN [Maxeon Solar Technologies Ltd]


Good short deal in MAXN [NASD]. 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.

Short MAXN - Maxeon Solar Technologies Ltd

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


Please follow and like us:
Pin Share

About the author

Oleksandr Yanchak

Active investor and short seller. Most of the market is bad and mediocre companies. Then why buy them? Find a good entry point with minimal risk - and sell. Steady money only in Short Sales!

View all posts