Renesola Ltd, (SOL) is a solar stock. Subsidies from the government in Germany have been a big part of the solar business.
Cuts in solar energy subsidies will be implemented on a monthly, rather than on a half-yearly basis, with a goal of phasing them out for some facilities by 2017, said Germany’s Environment Minister Norbert Roettgen.
Short zone for SOL is $2.49 to $3.11, stop zone is $3.31 to $3.62 and target zone is $0.90 to $2.02.
If the stock hits upper end of target zone quickly, plan is to book such profits.
Please carefully follow ZYX Change Method Trade Management Guidelines. We are starting with a 5% tranche on SOL right here at $2.52. Also putting in 5% tranche GTC limit orders at $2.63, $2.78 and $2.94. The plan is to short more if the stock goes higher.
We will be closely following this stock on the ZYX Short Sell Change Alert.