NASDAQ:SCTY   SOLARCITY CORP
99 15 1
While FSLR             is rallying into resistance, Solar
City is diving right in the middle support.
If your looking to go long in solar, this is
the right place.
littleriver
2 years ago
Looks as though support is coming from a point just below the one highlighted on chart . I chose this point because two strong demand levels were close in proximity. Will it hold ? We will see.

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littleriver
2 years ago
Uncanny how news follows charts. Here is a bit of news.

http://www.fool.com/investing/general/2014/03/28/why-solarcity-corp-shares-will-rise-to-75.aspx
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littleriver
2 years ago
In this chart I look at the 75 dollar price target. Looks like we could see a bit more but not much. There is a rendezvous of resistance near the target. The uptrend line(using log scale) , neckline and a supply point all meet near the target.

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LEONES PRO
2 years ago
in interesting but it seems that we are below the trend-line
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littleriver LEONES
2 years ago
yes we are in log scale ; so this may just play back to the trend line, where I suspect it will fail
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littleriver LEONES
2 years ago
Very similar to GE
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LEONES PRO littleriver
2 years ago
yes i agree
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littleriver
2 years ago
Here is another look with a different twist.

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littleriver
2 years ago
Sharing this observation. Divergence on fisher 34 has been investors friend on SCTY in the past . Lets see if it will be again.

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littleriver
2 years ago
Recent price action and the divergence happening now.

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littleriver
2 years ago
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LEONES PRO littleriver
2 years ago
yes if it doesn't trade below march 27 low I agree it is a buy
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littleriver LEONES
2 years ago
True ; It needs some positive candles/candle to confirm a move up and lower from where it is now is not out of the picture. I looked hard on the 30 minute time frame for a positive divergence that did not work and could not find one.
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littleriver littleriver
2 years ago
This Divergence is still in play as log as the low on the fisher set on 3/24 is not matched. I will be looking for positive candles this week to confirm another move above the mid point on the fisher. If we get it, the overall pattern is shaping up to be a possible IHS. SCTY likes to reverse with this pattern.

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littleriver littleriver
2 years ago
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