Short squeezes are happening!Discussing some potential short squeeze candidates.
Some of these names have already bolstered huge gains and looking to potentially squeeze higher if price action holds firm.
All of these names need to be monitored in the near term for opportunities.
Shorts get nervous when stocks are moving higher.
AI, SPWR, CHWY, WOOF
SPWR
SPWR, a Bottomfish opportunity with MULTIPLE X Growth Prospect!SPWR has been on a very long downtrend for quite sometime. But the last 2 weeks has changed all that with a sudden weighty net buying activity being registered -- aided by TSLA boost news. SPWR will begin offering Tesla Powerwall 3 as part of its portfolio of solar and storage products.
This will aid their fundamental position in the market and will eventually aid their fiscal growth prospect.
On our TA, this has started shifting already on its long term trend. First major price shift in more than 1.5 years. Net Volume has surged quite massively to almost 6-folds from 13.10M to 63.10 M indicating that position takers are taking advantage of the current bargain price with a rosy prospective growth in the future. The monster net volume should give you an idea already of what is about to come.
Price movement is showing some reversal already with significant surges being spotted. This is inching closer to the heatzone / breakout area. Once price touches that level (4.0, we are now at 3.0), strong momentum will just escalate price growth.
Spotted at 3.0
Interim target set at : 5-10.
Long term at. 25
TAYOR.
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THE NEWS:
SunPower (NASDAQ:SPWR) +13.8% in early trading Wednesday after saying it will begin offering Tesla Powerwall 3 as part of its portfolio of solar and storage products.
Tesla Powerwall has become one of the most sought-after battery storage solutions, accounting for more than half of home battery installations last year; the Powerwall 3 includes 11.5 kW of power and 13.5 kWh of energy engineered to provide whole-home backup and capture solar energy more efficiently.
"Pairing Tesla Powerwall 3 with our industry-leading SunPower Equinox solar system was a natural progression in offering homeowners the best products on the market," SunPower (SPWR) said.
The company said it expanded its suite of solar financing options to include loan and lease financing for Tesla battery installations.
SunPower (SPWR) projects that one in every four American homeowners who install rooftop solar this year will also add battery storage.
SunPower to report running now Earnings Play LongSPWR is a volatile penny stock; solar energy is hot right now. ENPH is the slow and easy big cap
play. This one is high octane and can go from overdrive into reverse when the shorts catchup.
As for me, I will chase this and setup a trailing loss when the sun goes down. I have alerts
set up for death crosses on the moving averages or the mass index triggers. Bring on the heat of
the sun.
SPWR SunPower Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SPWR SunPower Corporation prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $0.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SunPower Corporation (Long)SunPower Corporation
Long
Entry at 16.09
Take Profit at 17.80 (10.63% profit from entry)
Stop loss at 14.80
Will SPWR Break out To New Highs?NASDAQ:SPWR
About SunPower Corporation
American company SunPower sells battery-powered energy storage systems and photovoltaic solar energy producing systems, mostly to residential clients. Richard Swanson, a professor of electrical engineering at Stanford University, created the business in 1985. It has its headquarters in San Jose, California. In 2002, Cypress Semiconductor acquired the majority of the business, and it expanded swiftly until SunPower went public in 2005. For US$1.37 billion in 2011, the French energy and oil giant TotalEnergies acquired a majority stake in SunPower.
Prior to spinning off that division of the business as Maxeon Solar Technologies in 2020, the company developed and manufactured solar panels. Prior to agreeing to sell that business line to TotalEnergies in February 2022, the company has previously sold its goods to commercial and industrial customers.
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Will SPWR break out in the next months towards its highs in January 2021?
According to TradingView, at the moment only four analysts rate SunPower shares as a "strong buy" or "buy." Furthermore, only three analysts recommend to sell that stock. Due to the fact that 15 experts recommend holding, it seems clear that retaining the company's stock would be the best choice for investors. However, the current minimum expectation for the stock is USD 16.00 which represents a decline of 13.89% from the current stock price (USD 18.58). The current highest estimate for the stock is USD 32 (+ 72.23%), while the average estimate is USD 22.29 (+ 19.99%).
The predicted EPS for Q4-2022 may increase by 0.03 to 0.16 from the reported 0.13 in the previous quarter. Analysts predict that the EPS will increase annually by 0.22 from reported 0.07 in 2021 to an estimated 0.29 in 2022 before increasing again in 2023 to 0.62.
According to predictions, SPWR's revenue may have increased by 31.30% from the reported $1.31B (2021) to $1.72B in 2022. Due to the ongoing high demand for solar panels and battery-powered energy storage systems, the outlook for SunPower's revenue looks positive and could increase to approximately $2.84B in 2025.
SunPower may have a promising future if those forecasts come true.
SPWR - Breakout
Renewable as a whole has shown impressive strength and most likely to lead in near future.
pivot held and breakout on good volume. Next target is 33...should come sooner than expected.
$SPWR Possible Buy Zone$SPWR Possible Buy Zone in the $18-$20 range. Setting SL just under $18.
Medium term target: $24 by early February
NOTE: This is not investment advice.
$SPWRSunPower Corporation has been taking a heavy beating for a while but has finally come to an area of value for me.
If price holds support we could see a reversal here.
- Factor Four
SunPower good levels comes in this yearIn the start of 2021 year SunPower complete 5th local wave of 1st new cycle wave and now going to 2nd correction wave for some time.
The good news that sun power industry starts new cycle in the past year and soon we will have good levels to enter.
Just publishing support zones for this instrument. Main support will appear from 0.238 to 0.382 fibb levels. The reason why fibb levels so low is bubble structure of 1st wave and coronavirus crises.
Better to split position size to the several enter levels as the price moves down.
$SPWR Target 42.64 for 33.71% $SPWR Target 42.64 for 33.71%
Or next add level is at 20.68
I have not added since last update and the target is the same... we are green since then 😜. Let's go, sunpower!!
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ADDED to $SPWR Target 42.64 for 33.71% $SPWR Target 42.64 for 33.71%
Or next add level is at 20.68
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SPWR Sunpower is set to move just a matter of timeSPWR Sunpower is set to move just a matter of time.
We have two gaps to fill - in perfect world we dip down and fill the low one to jump up to fill the high gap.
$SPWR Target 42.22 for 22.41% Or next add level is at 26.76$SPWR Target 42.22 for 22.41%
Or next add level is at 26.76
Let's try this one again... let's go... you've consolidated long enough, SPWR, haha...
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ADDED to $SPWR New Target 42.22 for 22.41% ADDED to $SPWR Target 42.22 for 22.41%
Or next add level is at 26.76
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$SPWR Target 43.85 for 21.40% $SPWR Target 43.85 for 21.40%
Or next add at 28.39
I am not your financial advisor. My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk.
GL
SPWR smack in the middle of BUY ZONEPatience pays, and in this case by giving us an entry smack in the middle of the BUY ZONE:
Sun Power $SPWR to complete Head & Shoulders? LONGSun Power has had a rough go w/ the overall market struggling, but it should be close to reaching a strong support point with previous lows looming. The maroon-circled region represents an area of excellent entry, with the trace down further being somewhat dubious.
Patience can be exercised here a little. The corrective wave is happening, but we cannot rule out a trace down to 31/s. That is fully possible. While there's little fault to be found with entering right now (circa 10:30 AM EST), there possibly may open up an even lower buy point.
Regardless of whether it does or not, this stock should have no problem ascending back to its previous levels as the market normalizes. A target sell-point can be tenatively scheduled between 41 and 44 per share; with that maybe being a 1/2 exit. For this moment? We find that entry point!
BEST OF IT ALL!
-BDR
SPWR enters BUY ZONESPWR after huge move, makes a classic ABC correction and enters BUY ZONE. Offers a 2.5 to 1 risk reward if entered here with a target at previous high (before ABC correction). Would like to see divergent RSI and MACD before entering...
