rossgivens

AMPS - Cup w/ Handle Breakout Buy

NYSE:AMPS   Altus Power, Inc
AMPS is coming out of a textbook cup with handle pattern, triggering a buy here.

AMPS is somewhat of an under-the-radar solar stock. Unlike most solar companies which make panels, chips, or mounting systems for customer-owned solar energy systems, Altus is an electric utility company whose power comes exclusively from solar generation.

I actually prefer the names that don't already have a million eyeballs on them. EVERYONE is watching ENPH , FSLR and the other big solar names. But AMPS is setting up to be a big mover.

The 200-day moving average is finally turning up, signaling the beginning of the stock's first Stage 2 uptrend. If this is indeed the beginning of a new stage (see my previous post on the 4 Stage of the Stock Cycle), there could be massive upside from here.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.