Trendline Break
At Support Zone
Entry 6.5
Stop 5.2
Target1 11
Target2 17
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
NASDAQ:SUNW daily chart broke through the trend line today after several months of basing around the 200 EMA .
I would initiate a long trade above today's high at $10.71
Place the stop loss under the June 21st local low at $8.79
The eventual profit target is the ATH at $29.37 which gives a risk/reward ratio of 9.72!
Strategy/Chart pattern: Break out
Entry: Immediately (Limit 11$)
Stop: 8.84$
Target 1: 12.86$
Target 2: 16$
Risk/Reward-Ratio: 1.5:1
Stopmanagement: Parabolic SAR daily chart default settings
Intermarketanalysis: Please are beware of the fact that the probability of rising yields of the bonds in the next weeks to months is much higher than...
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$SUNW Target 20.91 for 38.2%
Or next add level is at 9.35
I added here today, however this did get rejected at the EMA so I might be adding again at 9.35… let’s see what happens… every average down brings more profit and the target closer.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to...
Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Hawaii. The company also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential...
Ive been scoping this on out since its resistance touch hoping it would bounce back to support, support has been broken although price holding the 200SMA similar to a few weeks ago where support was broken but rose again, creating that resistance line.
$SUNW Target 21.37 for 37.08%
Or next add level is at 10.47
I didn't add here today... just Targeting... GL
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well...
I'm VERY bullish on SUNW and all solar stocks long term, but the daily and weekly shows a potential bear flag/ rising wedge setting up. Needs to stay in the white triangle tho. If we get $13-$14 again, I'm heavily loading shares. Don't call me a bear, I'm just looking for a reasonable entry.
Sunworks, Inc. engages in the provision of photovoltaic based power systems for the residential, commercial, and agricultural markets. Its services include design, system engineering, procurement, project installation, construction, grid connection, warranty, system monitoring, and maintenance. The company was founded by Roland F. Bryan, Mark P. Harris, and Christopher T. Kleveland in 1983 and is headquartered in Roseville, CA.
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