I believe SPWR and other solar stocks are putting in a bottom here.
It is releasing fractal energy to the upside. (Daily and Weekly BB width rising as price rises)
It has momentum (above all moving averages including 50wma)
Last bounce was off the 200dma.
It just reached overbought stochs, it is not too overbought on the daily RSI, therefore it has room to run.
Buy 9.27, stop 8.50 ish, small position.
It could break out now, or it could do it later (tag the 10ma or rising trendline again)
It is releasing fractal energy to the upside. (Daily and Weekly BB width rising as price rises)
It has momentum (above all moving averages including 50wma)
Last bounce was off the 200dma.
It just reached overbought stochs, it is not too overbought on the daily RSI, therefore it has room to run.
Buy 9.27, stop 8.50 ish, small position.
It could break out now, or it could do it later (tag the 10ma or rising trendline again)