Trump Tariffs Trash Chinese Solar Stock: Here’s The Trade
InTheMoneyStocks.com | Jan 24, 2018 02:51PM ET
Shares of JinkoSolar Holding (NYSE:JKS) collapsed over the last three days after President Trump placed tariffs on solar panels from overseas. JinkoSolar is a Chinese company and directly effected. The stock is down from $24 to $20 in the last three days and the chart says it will go lower.h3 The Trade/h3
JinkoSolar's first major support is at $17.75. Once there, swing traders can look for a snap back to $20 for a quick trade.
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