Long
SPWR Trading At The Bottom of Its Channel. Go long here.
SPWR is in a strong industry group from the past few months. It has been trading in a channel since March and is at it's low point. I would get in at these levels until it reaches the top end around $9.40. I would set a stop loss at $6.70, which would indicate that the stock has left its trend.
Upside is around 27% and downside is about 9%, which is attractive.
Upside is around 27% and downside is about 9%, which is attractive.
Note
Looks like it is trading flat. I would close here because trade idea didn't pan out.Note
Looks like it worked out after all.
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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.