New York, November 22nd (TradersHuddle.com) - Shares of Trina Solar Limited (TSL.NYSE) ended the trading session higher by $0.48 or 7.7% from its previous close. Trina's price action formed what is considered to be a bullish engulfing candle that could very well signal continuation of trend or reversal on ongoing weakness.

Trina Solar Limited (NYSE:TSL) is an internationally recognized manufacturer of mono and multicrystalline photovoltaic (PV) modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company in China. The PV modules provide clean and reliable solar electric power to on-grid and off-grid residential, commercial, industrial and utility scale applications around the world. The company has sales and marketing offices as well as installation partners throughout Asia, Europe and North-America.

Trina's recent stock range has been formed by a trough where calculated support was defined at $6.82 and by a peak that established the resistance level at $8.40, which could be used by traders planning their trades.

Traders wanting to establish a position in Trina Solar or traders that are already holding the stock can use the bullish engulfing pattern to their advantage. The pattern provides a defined risk as it shows where the bears were able to push the stock down, before the bulls stepped in.

The bullish engulfing pattern is a leading indicator that provides an alert to the bulls that the trend will continue or that there is an immediate reversal to the short term weakness seen on the stock. Below an Engulfing Bullish Candle Illustration:

Source:Tradershuddle