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...
HIGH R:R.. good chance of slippage. Could risk a smaller R..?
If SPWR gaps above 33.25, consider using the Retest Gap strategy.
Please see PA trapped within channel and knee jerk jump on Trendline.
Third confirmation on $SPWR for entry or for Boomerang on option strategy ... please see my previous charts.
Ticks are already bouncing on lower short-term channel and in addition Blue MA crossed Orange and possible cross on White(dashed) Look for breakout entry on previous day high. PS: Proprietary numbers are used on each tools/indicators.
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
Great Risk to reward entry, and double bottom pattern coinciding with the uptrend line since 2013
SPWR in the last week has announced a new contract coinciding with positive comments and support for solar energy by the white house. Fundamentally spwr has consistently beaten analyst's estimates over the last year. Technically the price of sunpower seems to be holding strong inside an upward wedge on the daily chart inside a bigger upward wedge from the monthly...