SPWR, a Bottomfish opportunity with MULTIPLE X Growth Prospect!
SPWR has been on a very long downtrend for quite sometime. But the last 2 weeks has changed all that with a sudden weighty net buying activity being registered -- aided by TSLA boost news. SPWR will begin offering Tesla Powerwall 3 as part of its portfolio of solar and storage products.
This will aid their fundamental position in the market and will eventually aid their fiscal growth prospect.
On our TA, this has started shifting already on its long term trend. First major price shift in more than 1.5 years. Net Volume has surged quite massively to almost 6-folds from 13.10M to 63.10 M indicating that position takers are taking advantage of the current bargain price with a rosy prospective growth in the future. The monster net volume should give you an idea already of what is about to come.
Price movement is showing some reversal already with significant surges being spotted. This is inching closer to the heatzone / breakout area. Once price touches that level (4.0, we are now at 3.0), strong momentum will just escalate price growth.
Spotted at 3.0
Interim target set at : 5-10.
Long term at. 25
TAYOR.
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THE NEWS:
SunPower (NASDAQ:SPWR) +13.8% in early trading Wednesday after saying it will begin offering Tesla Powerwall 3 as part of its portfolio of solar and storage products.
Tesla Powerwall has become one of the most sought-after battery storage solutions, accounting for more than half of home battery installations last year; the Powerwall 3 includes 11.5 kW of power and 13.5 kWh of energy engineered to provide whole-home backup and capture solar energy more efficiently.
"Pairing Tesla Powerwall 3 with our industry-leading SunPower Equinox solar system was a natural progression in offering homeowners the best products on the market," SunPower (SPWR) said.
The company said it expanded its suite of solar financing options to include loan and lease financing for Tesla battery installations.
SunPower (SPWR) projects that one in every four American homeowners who install rooftop solar this year will also add battery storage.
This will aid their fundamental position in the market and will eventually aid their fiscal growth prospect.
On our TA, this has started shifting already on its long term trend. First major price shift in more than 1.5 years. Net Volume has surged quite massively to almost 6-folds from 13.10M to 63.10 M indicating that position takers are taking advantage of the current bargain price with a rosy prospective growth in the future. The monster net volume should give you an idea already of what is about to come.
Price movement is showing some reversal already with significant surges being spotted. This is inching closer to the heatzone / breakout area. Once price touches that level (4.0, we are now at 3.0), strong momentum will just escalate price growth.
Spotted at 3.0
Interim target set at : 5-10.
Long term at. 25
TAYOR.
===========
THE NEWS:
SunPower (NASDAQ:SPWR) +13.8% in early trading Wednesday after saying it will begin offering Tesla Powerwall 3 as part of its portfolio of solar and storage products.
Tesla Powerwall has become one of the most sought-after battery storage solutions, accounting for more than half of home battery installations last year; the Powerwall 3 includes 11.5 kW of power and 13.5 kWh of energy engineered to provide whole-home backup and capture solar energy more efficiently.
"Pairing Tesla Powerwall 3 with our industry-leading SunPower Equinox solar system was a natural progression in offering homeowners the best products on the market," SunPower (SPWR) said.
The company said it expanded its suite of solar financing options to include loan and lease financing for Tesla battery installations.
SunPower (SPWR) projects that one in every four American homeowners who install rooftop solar this year will also add battery storage.
Trade active:
REITERATION: STRONG BUY on this one.