Ascending Triangle breakout coming on the hourlyThis ticker has short term uptrend established. ER due at end of March
SLTD
SLTD Channel Trading againRe-Entering the Pennant last minute, bears tried hard to force it back out the bottom.
Last Minute covering drove the stock right back into a bullish trend area.
Wave Trend curving up is a bullish indicator.
This has room to run...Lots IMO.
Positive PR and this could really take off. Seems to have lots of support...Shorts appeared to cover 20K EOD today, nervous shorts in this market.
SLTD's News Tuesday NightPennant here on hourly, this ticker overdue for news on the recent Supreme Court Ruling in favor of Residential Solar.
SLTD bounced off long term supportYears old support help on Aug 24th 2015 (1000 point DOW drop that day), as well as Friday 1/15/2016. Technically oversold bounce coming, PR overdue and Record Earnings to be reported in March 10K.
SLTD - History and Future Clearly visible, when the company changed direction back in late 2014 becoming a solar installer rollup. Peaking at the NASDAQ Uplisting, then falling on the initial capitalization. Ensuing Bear run taking us to recent times where we see a few attempts at pushing out of the pennant. Annual report coming may show a Net Profit. Lots of potential here for a new major Bull Run in 2016.
SLTD IN THE BUY ZONE AGAINLatest filings indicate company is cash flush, ready for another acquisition. First Net profit on 10K in March could blow the lid off this one. Don't forget the Warrants: SLTWW
SLTD in the Buy Zone again.Latest filings indicate company is cash flush, ready for another acquisition. First Net profit on 10K in March could blow the lid off this one. Don't forget the 2020 Warrants SLTWW.
SLTD ready to earn some respectSLTD had a bad drop off the last ER which is odd as it was the companies best ER to date.
Regardless the bottom appears in on the ITC news today, bouncing the PPS back into the Value channel. If the ticker continues to get more love it will easily wind up back in the Bull Channel above 3.20. Value Channel is still a great long opportunity here. Don't forget the 2020 warrants trading at $1.00 right now (SLTWW)- they tend to travel with the ticker.
SLTD Trend update - Double Bottom & Value Channels establishedDouble bottom in the chart shows new uptrend formed. Green lines showing new uptrends. Blue lines showing older downtrends which will act as resistances in the new channels. Currently closing in on the bottom of the Lower Value trend, a great Long opportunity. In the coming weeks we should see pops into the Value Channel, potentially even a Bull Channel sighting. On the couple month timeframe, expect a drop back to the lower value channel in the mid-low 3$ range before breaking out with force through the pennant top back to a new peak channel high towards March's ER release.
SLTD headed for a slow couple months, but then...Clear pennant formed, while OBV completely divergent from it. Pennant forces breakout right around the release of the 10K in March. Breakout above the 2nd blue line is the confirmation of next major bull run.
Seems like there may be another smaller pop prior to the 10K but will wind up inside the triangle still.
Great place to go long here if you don't mind waiting.
Solar3D Major Breakout due to possible 3rd acquisition imminentChart shows clear relationship between acquisition #1, #2, and whatever the next big move that is imminent...
I didn't realize I couldn't edit once published, I wanted to add today's news regarding the Revenue forecast on the last day on the chart on top of the "Tomco" announcement... FY15 Forecast 100% increase Rev's 40-45 mil...Positive Ebita, Continuation of "consolidation" in CA and NV markets.
