Sun Power to break out from cup/handle? LONG? Let's See TODAY
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. SSPWR 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 as it is now at roughly an annual high.
This long was called a while back as it started to form the handle of the cup: The breakout could follow this week and in through next-- but that earnings report is C R U C I A L.
Obviously it is.
Happy Trading!
-BDR
*See attached ideas for the description of the forming on what could be a final correction wave / formation of cup-handle*
This long was called a while back as it started to form the handle of the cup: The breakout could follow this week and in through next-- but that earnings report is C R U C I A L.
Obviously it is.
Happy Trading!
-BDR
*See attached ideas for the description of the forming on what could be a final correction wave / formation of cup-handle*
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.