josiason17420

Bullish- Triangle Breakout (Long Play)

Long
NASDAQ:SPWR   SunPower Corporation
SPWR closed on Friday with a bullish hammer candle right on its 50day EMA . Consolidating in a symmetrical triangle at the moment, nearing the overbought range but buyer volume is clearly picking up relative to seller volume . Has resistance at the $30.75 level that it has rejected twice now. Will be watching closely for a breakout at the end of this triangle, bullish .
Long Play-

PT1- $32.26
PT2- $36.49
PT3- $38.12