The energy sector has been getting some love lately and after several touches above RUN looks ready to..... Run. Every time runs into the resistance above its chipping away at the sellers wall. I'm looking to play on a break above resistance with volume for a big move. Chart is very healthy. I'm less interested if a daily close comes below the 8ema.
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 $40
NASDAQ:RUN looks like it is about to break the bottom of the triangle and could be in big trouble. MACD just turned negative and the last 3 bars formed a pattern similar to an evening star.
Will short taking out the bottom of today's bar. Stop loss above yesterday's high.
as you know, we made a plant from 37 to 60 with this bullish WW few weeks ago, RUN came back to support now,
IF this support line hold, we can head higher from 43 to at least 57 for 30% but per the look; i wont be surprise to a fall down to 29$^or even 24$ which gonna be a good demand zone
Lets see, possible harmonic in $RUN w 618% noted(often will bounce here on cypher) all details in chart, this is not off scan, just a powerful stock
last $RUN play that fizzled out after tp 1
Big falling wedge on RUN that it's been holding for quite some time now. The solar sector tends to be cyclical with respect to price action, which in turn leads to big breakouts and vice versa (See charts of ICLN & TAN). With all of the intraday choppiness and the broader markets seemingly starting to pull back a bit as big tech takes a breather, the solar sector...
Falling wedge as well as a possible inverse H&S forming (orange dotted line- neckline)- Watching this one closely as a sympathy play after ENPH's earnings
Possible inverse head & shoulder forming. Right shoulder has yet to complete.
Break above neckline is bullish. Rejection from neckline is bearish.
Neckline - $58.81
Target 1 - $58
Target 2 - $68
Target 3 - $76
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will...
RUN = Starting to Run? Bounced off 61.8 fib support and showing upward trend? Will the upward move continue? Can it break through moving average resistance and get above $60? We will see?
I'm adding some RUN here with a tight stop. breaking downtrend channel + creating short term bottom? in my opinion we see a test of top trendline resistance in near future, PT 1,2 are my targets. good luck traders :)
RUN is looking bullish if it stands the support line and the fundamental boost on green energy is still to play in 2021. The last earnings report is also give it a good growth projection.
