SunPower Corporation (NASDAQ:SPWR) has sold off all quarter, all month, all week, all day until now it is seeing some slowing... The stock just put in a bottoming tail on the intra-day 10 minute chart, a technical reversal signal which says upside is coming. The stock should be putting in a major bottom on the daily chart as well, based on key supports and...
4-17 Gosh looking a bit like a Double Top that's ready to break its uptrend (green) if you ask me. But for now? Its intact. I'm sure we'll find out next week. Feel free to follow on TWTR at @AmazingPatterns For informational and educational purposes only, these are not recommendations, trade at your own risk.
I'm basing my more bullish than bearish put sale on the Gap, wick, volume, candle, bounce off the EMA's on the 5 min, and the put sale is below the 200 SMA.
SPWR expected to open at 32.35 for a Gap N Go. Watch for nearby pivot and last candle bullish on the hourly. To learn this strategy for free go to www.RealLifeTrading.com