Sunrun Inc.Updated Potential upward movement on price of RUN
Having thoroughly analyzed the 1D price action of RUN, I've identified a potential support zone based on Fibonacci levels. As the market opens, we'll be closely observing whether this projection holds true. I'll be consistently updating the status of this potential support. Remember, the strength of this analysis is further accentuated by the higher time frame, boosting the probability and bolstering my confidence in this assessment. Stay tuned for more updates!
Note
At this point, I am highly recommending you to enter from these prices (16-17 $) as RUN is approaching one of the lowest prices it has ever reached within more than a year !Note
At the juncture of composing this current update, it's imperative to underscore that the recent escalation in interest rates by the US Federal Reserve has instigated noteworthy repercussions. This development has not only precipitated the downfall of SunRun but has also reverberated across the broader NASDAQ market, causing the Nasdaq 100 Index to experience a considerable decrease of 3.30% in its weekly average performance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.