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,
And may the odds be forever in your favor!