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

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.