Sunrun looks to be retesting/rejecting resistance here which would setup a large move lower.
I think we're about to see a move lower down to $9.22. Invalidation of this move would be a break and hold above resistance line and then channel. Even if there's a short term move higher above resistance, price would need to break above the channel to turn bullish.
I'd...
I believe we will be testing all time highs on TAN here as the solar industry continues to consume energy market cap and we accelerate into exponential growth in solar. Stay smart out there.
Sunrun - Intraday - We look to Sell at 29.04 (stop at 30.03)
Previous support level of 30.00 broken. We look for losses to be extended today. Closed below the 20-day EMA. The primary trend remains bearish. We look to set shorts in the early trade.
Our profit targets will be 26.22 and 23.50
Resistance: 30.00 / 32.00 / 35.00
Support: 25.00 / 23.00 /...
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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NKLA backed by an extremely accommodative administration when it comes to renewable energy will surge beyond $100 once it breaks out of this downtrend line. This is a hidden gem that has not had the spike like almost nearly all other renewable energy stocks like BLINK, RUN, TSLA.
The time is coming - load up now before you miss out on the coming surge.
