Price Levels using Fib.

Sunrun Inc. caught my attention after being listed as a possible top stock choice for 2020. Solar energy still has some ways to go in terms of cost, efficiency and maintenance IMO. This company however, is growing so fast it can't support the expansion of new employees being trained to meet the market demand. Seems like this trade could work out long term (I'm holding for 1 year - friendly competition) so I'll be banking on those earnings to show profit soon.

Trade idea is from:

- Using fib retracement from Highs and Lows of July/Aug - Nov/Dec 2019
- Using fib extension from points of Dec 11 / 20 / 31, 2019
- Using Heikin Ashi for momentum
- Using 50-100-200-EMAs
- Using VWAP (Weekly, Offset: 2)

What's happening:

• Resistance-turned-Support @ 14.90 ~~ Look for this area for a slight bounce. It previously acted as support before the stock drove lower. It was also a small resistance that upward momentum eventually won (Dec 18-27).
  
• Currently the stock is trading @ 200-EMA ~~ Look for a slight pullback to possibly test support either at the 100-EMA or 14.90. However, if it could push through the 200-EMA there's a higher chance to test 16.00
  
• Above VWAP @ 15.14 ~~ Considered good momentum to more upside. If it touches the VWAP or goes under (and a candlestick is RED) then it would signal a possible move down. Look for the support if so.
  

What's my trade: (Where I would exit if I could but I'm holding for a year)

• Resistance @ 16.00 ~~ First milestone to achieve. Will need to close ABOVE if it wants any chance of going higher before earnings.
  
• Resistance @ 16.50 ~~ The 1.618 exit point.
  
• Resistance @ 17.00 ~~ The 0.5 retracement point from year highs.
  

I don't anticipate the stock soaring above 17 within the next 3 months without any catalyst events. My prediction is that it would trade sideways between 16.00 - 16.50 until earnings.

Good luck and happy trading!