I've been waiting on this for the past 2 weeks now.
SunRun received a target of $95 a couple months back and has been accumulating nicely under the TL going into this fall.
With government incentives being pushed for solar this along with FSLR, SPWR and a few others are beginning to turn.
First target $60. SL below $40
Bouncing off FIBO.
Buy signal with 7/confirms.
Earnings run up on 2/25.
Happy Trading, from CJ -- aka the greatest FURU.
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$RUN has had a tough go in the market today; it's nearly down 6 percent.
This should open a nice buy-window for an eventual, pretty-long play on $RUN.
That said, currently, we're looking at a very red situation for those who entered late last week. Patience, there, must be exercised.
The highlighted red ellipse shows a perfect entry on SUNRUN. Those stuck w/...
SunRun (RUN) has made some amazing gains in the past and it's clearly shown it has broken its downtrend pattern after the merger w/ Vivint Solar (VSLR). Vivint has an amazing management team and was doubling revenue every 2 years.
The combination of the 2 companies makes for the world's 3rd largest global owner of solar capacity:
- I don't see a good risk-reward rate here, but here is the stock direction I see.
- Longer higher directional movement might be seen after meeting the target and trading in a trading for a good time above the round.