Sun Power Cup & Handle; Wind-up Now on "Final Correction wave"
Updated
Sun Power is forming a cup and handle. The corrective action seen was the base - this wind-up is due to set SSPWR 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. This play is being fulfilled; sorry - no advice on whether this play is "Too late" to enter now due to lack of certainty regarding a top-out. This is mostly a confirmatory signal on the previous post which cited a bullish formation in the corrective wave's triangular shape- that bull run has been realized already today.
Happy trading, and congrats to anyone who's followed along since the first SSPWR update: we're in very GREEN TERRITORY, folks.
Link Included to 1st SSPWR idea (july 8th).
-BDR
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. This play is being fulfilled; sorry - no advice on whether this play is "Too late" to enter now due to lack of certainty regarding a top-out. This is mostly a confirmatory signal on the previous post which cited a bullish formation in the corrective wave's triangular shape- that bull run has been realized already today.
Happy trading, and congrats to anyone who's followed along since the first SSPWR update: we're in very GREEN TERRITORY, folks.
Link Included to 1st SSPWR idea (july 8th).
-BDR
Note
I am so long on this I have no shortness of expectation it could potentially rise 17+ per share. This is something I can't say w/ a high degree of confidence; but I can say, I am not selling as it tops its annual high before wk-end most likely. GL to everyone w/ this - The real top out is so tough to guess.Note
Sideways trading is not surprising: Rapid increase yesterday; Back down today -- this is classic action before/or while, as forming handle. I'm remaining VERY BULLISH here despite a retrace to 9.7 today.
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