An excellent question from one of our members; thank you for bringing up SUNW chart great find!
SUNW Trade Plan
- We have a company that while seeing bearish movement is showing early signs of life and recovery through their technical movements on the daily chart
- We will watch for key level 0.52 to reclaim and close above
- Our early flip MACD signal was given Oct 16th and the duration this has gone unconfirmed is mildly concerning as the longer these wait the less interested parties can become (during momo plays) however i do like the higher lows since that day and the positive earnings
- I see a larger breakout potential above 0.64 after 0.52 is reclaimed and past 0.64 we could easily test 0.94 without momentum (not happening all inside the same day) this could take up to 2-3 weeks if we are seeing real recovery
SUNW Trade Plan
- We have a company that while seeing bearish movement is showing early signs of life and recovery through their technical movements on the daily chart
- We will watch for key level 0.52 to reclaim and close above
- Our early flip MACD signal was given Oct 16th and the duration this has gone unconfirmed is mildly concerning as the longer these wait the less interested parties can become (during momo plays) however i do like the higher lows since that day and the positive earnings
- I see a larger breakout potential above 0.64 after 0.52 is reclaimed and past 0.64 we could easily test 0.94 without momentum (not happening all inside the same day) this could take up to 2-3 weeks if we are seeing real recovery
