Analyzing the options chain and the chart patterns of SPWR SunPower Corporation prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $0.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
In the start of 2021 year SunPower complete 5th local wave of 1st new cycle wave and now going to 2nd correction wave for some time.
The good news that sun power industry starts new cycle in the past year and soon we will have good levels to enter.
Just publishing support zones for this instrument. Main support will appear from 0.238 to 0.382 fibb levels. The...
🟢 $SPWR Target 39.67 for 37.12% (Risk Level - Med)
Or double position at - 18.19
This one hit this morning for average down.
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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 target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers...
SPWR Sunpower is set to move just a matter of time.
We have two gaps to fill - in perfect world we dip down and fill the low one to jump up to fill the high gap.
ADDED to $SPWR Target 42.22 for 22.41%
Or next add level is at 26.76
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk...
If you follow my last #analysis from July,2020 about #SUNPOWER Inc. , there was a Golden cross of 21d MA and 50d MA. That was the reason, I was very positive about its uptrend.
Of course, only chart and Golden cross wouldn't be enough for a company to give good ROI for investors. #Sunpower has at the moment a notable amount of long-term and short-term loan.
But,...
Sun Power has had a rough go w/ the overall market struggling, but it should be close to reaching a strong support point with previous lows looming. The maroon-circled region represents an area of excellent entry, with the trace down further being somewhat dubious.
Patience can be exercised here a little. The corrective wave is happening, but we cannot rule out a...
SunPower had a breakout yesterday so for term the next target could be around 50$ .
Do you own research.
*** Just sharing my opinion not an investment advice.
$SPWR SunPower Corp closed today outside the upper limit of a recent bullish pennant. Expecting to see a strong follow through move in the near term.
Bullish Options Activity
2,900 $15.00 strike (ITM) Oct 30th calls traded today (22x open interest) for $750K in premium.
Near term price target: $20-$22 range by early November
Note: This is NOT investment advice.
SunPower Corp. (NASDAQ: SPWR) has a market cap roughly one-quarter the size of First Solar, but that was by choice and not mismanagement. Where First Solar both builds solar modules and large solar farms, SunPower has chosen instead to develop its marketing and packaging of modules and inverters built by other companies. A partnership with sustainable energy...
Sun Power spent a solid month between 9.5 and 10.5 per share (The first "idea" of mine was dated July 15th calling for the potential LONG on it).
It closed today at 11.5 and then reported earnings which were slightly (decently even) less negative than the projections yielded. That said, its bull run should be somewhat tempered by a negative report even so. A...
Sun Power oscillated between roughly 9.5 and 10.5 per share during a somewhat longer "handle" phase, but it is now breaking out and is 11+ per share. $SPWR reports earnings today (Wed) at market close. It is projected to be -0.36. We will have to wait and see if it swings a positive earnings report, against expectations, which could push SPWR even further - even...
Sun Power $SPWR is forming a long handle following the cup seen previously in my last SPWR post. This corrective pattern now has this trader sitting at 1cent per share below an avg . cost of 9.75. It still remains to be seen if this can go parabolic, make a big run, and break from the cup and handle. As to the certainty it does? It is hardly based on chart...
Sun Power is forming a cup and handle. The corrective action seen was the base - this wind-up is due to set $SPWR to an annual high as it's closing in on it through the first-half of Wednesday's trading session.
No defined exit point: This upside could be immense. Further updates to come after it passes 11/share. Currently 10.54 w/ a 6.84% increase on the day....
Triangle area lends confirmation consolidation may be short: Bull run likely follows. Current entry point pretty solid, too.
Will likely surpass annual high w/ target just over 11/s; high upside could be higher still.
Just a Short but sweet touch on Sun Power.
Happy Trading/Investing!!
-BDR
With the natural energy sector booming, $SPWR has made a great play thus far. Entering on Monday, it has gained since and looks to still be in for a strong corrective wave. The ultimate potential of this is not fully clear. However, thus far, the entire sector has had a tremendous past month. It is a well-proven company trading much lower than it once did, but...
