ABTrades1
Sep 25, 10:24 PM
$TOYO Six weeks since the August earnings drop and this is starting to look different.
-20.6% on 9.1M shares.
-6.4% on 4.2M.
-1.3% on 3.7M.
-1.1% on 2.0M.
+0.2% on 1.7M.
+1.4% on 1.6M.
Every red week got smaller. Volume dried up with it. Then two green weeks.
This week:
$TOYO +1.4%,
$TAN -3.5%,
$SEDG -5.8%,
$FSLR -9.3%,
$TE -9.4%.
TOYO took a 60%+ beating from the June highs, shorts kept piling in to a record 4.29M shares, and now the sector is getting crushed while TOYO just sits there.
Volume is light, so this isn’t buyers piling in yet. There just doesn’t seem to be much selling left around here.
Higher lows for three weeks now. Three trading days left on the September guidance for Texas Line 2, Analyst Day Oct 6, and 4.29M shares still short. Let’s see what happens if management actually delivers.
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