BDRTrigger33
Long

Sun Power "Handle;" Sideways trading pattern Could be Great sign

NASDAQ:SPWR   SUNPOWER CORP
Sun Power $SPWR is forming a long handle following the cup seen previously in my last SPWR post. This corrective pattern now has this trader sitting at 1cent per share below an avg . cost of 9.75. It still remains to be seen if this can go parabolic, make a big run, and break from the cup and handle . As to the certainty it does? It is hardly based on chart harmonics, but mostly on the general bullish trends in the natural energy sector (Simple and similar plans are applied to $FCEL).

Stay in tune with Sun Power: The current entrance point of 9.74/share is STRONG. This is still a LONG that probably ends up being beneficial after the handle is formed. It could be a 2-month sideways pattern, even, before the eventual breakout- which cannot be assured of arriving, either. Nevertheless,

Happy Trading,
And may the odds be forever in your favor!

-BDR
Comment: SPWR is currently 10.21 as of early today Monday, 10:17 EST. A good sign the handle is curving upwards and a potential bull run could be realized now.
Comment: Congrats to all who keep toggling the position between 10.5 and 9.5: There has been profit many times over. This is also to say, I have not. LOL.
Comment: SPWR Spiked to start the day but closed @ 9.79 / share. The corrective wave of the handle is still en progress; bullish indicators shown w/ high opening price and heavy post-market movements.

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