GMOTruths

SPWR — Cup Forming

Long
NASDAQ:SPWR   SunPower Corporation
Long on good energy stocks like Sun Power.

Buy at 25.50,

Long on housing-related stocks, and that includes solar for first time home buyers and Gen X 'ers.

Patterns.
* quadruple bottom
* cup and handle bottom
* Narrowing and consolidation

Price met resistance at 27.50 and came back down. Expect it to meet this level (27.40) again soon. If it goes through that, it could make a breakout with the nearest upward resistance around 28.90.

Buy now, buy more in the orange zone. As always, watch the price of oil. Energy sector is correlated. When oil goes up, energy stocks go up.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.