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)
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tangman
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UPDATE:
I sold 1/2 for profit on 7/18, but seeing it hold up nicely above the 10MA, I have added to position for more upside.
tangman
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Green arrows are purchases and red arrows are sells.
I sold 1/2 for profit on 7/18, but seeing it hold up nicely above the 10MA, I have added to position for more upside.