3S9 trade ideas
Sunrun Inc (RUN - NASDAQ) - Bulls on solid RUN Sunrun Inc (RUN - NASDAQ) is in impulse cycle. In daily time frame it is in C (or 3rd) wave up. In 4 hr time frame, it is in 5th subwave of 3rd wave up. In 15 min time frame, it is in internal 3rd wave, which might end soon, thereafter 4th internal wave will start to correct and final internal wave 5 wil end the 5th subwave of 3rd wave. Stay bullish on three wave pull back in 10 min time frame.
Sunrun Announces Definitive Agreement to Acquire Vivint Solar foRUN,VSLR: Sunrun Inc.
2020-07-06 21:58:29
Sunrun Announces Definitive Agreement to Acquire Vivint Solar for an Enterprise Value of $3.2 billion
RUN BuyoutIt has just been announced that Sunrun (RUN) will be buying out another competitor solar company, Vivint Solar (VSLR) in a multi-billion dollar deal. RUN has been trading in a rising channel since the mid-March lows, and news of the acquisition may cause an upward breakout of the channel. In addition, the daily volume on RUN has been on a nice incline, and we may see a continuation of that throughout the week.
$RUN painting a bearish ducc harmonic pattern$RUN has hit the PRZ (D) short entry target of our bearish ducc harmonic pattern
Almost time to RUN rejecting from the heartline of the channel.
Setting alerts for a retest of the channel and we will see if it can reclaim.
RUN breaks resistance at 22.60, finds new supportRUN broke resistance today, having a high of 23.66, then dropping to find new support at 22.76 Earnings are coming up, and estimates have analysts bullish on the stock according to finance.yahoo.com
It has support, potentially better-then-expected earnings ahead, and did well today in a bad market. It is competing well with $TSLA in the solar and battery department, and was on a breakout today. Maybe a rally tomorrow? 5DMA looks good and the ichimoku cloud is still in the green at close. Looks promising to me.
RUN breaks resistance at 22.40, finds new support Run outperforming expectations again today, breaking resistance at 22.40 from yesterday, and upgrading to a strong buy on technical. 5dma is still strong, ichimoku cloud looks good with good space between bottom lines in late day trading. New support at 22.40 bodes well for tomorrow. Earnings is coming up on FEB 27, looking for the stock to hit $65 before then.
RUN finds support at 21.45 todayRUN came out hot at open, surging 4% an hour after the open, then pulling back to 21.60. Earnings coming on Feb 27, price looking to stay up before then. Needs to break 52w high at $22.40 tomorrow, should stay up to earnings. As a company, earnings look promising, and company is beating TSLA in battery and solar tech. Seems promising. Would be getting in at the end of the day, entry price $21.85, target price $24, stop loss $22.30. New support line today at $21.45.
Sunrun fails to break today
Bullish sentiment but the breakout failed today in a very weak and volatile market.
Average analysts price target $20.51
Short interest quite high 14.75%
Company profile
SunRun, Inc. engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. It also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan. The company was founded by Edward H. Fenster, Robert N. Kreamer and Lynn M. Jurich in January 2007 and is headquartered in San Francisco, CA.
Price Levels using Fib.Sunrun Inc. caught my attention after being listed as a possible top stock choice for 2020. Solar energy still has some ways to go in terms of cost, efficiency and maintenance IMO. This company however, is growing so fast it can't support the expansion of new employees being trained to meet the market demand. Seems like this trade could work out long term (I'm holding for 1 year - friendly competition) so I'll be banking on those earnings to show profit soon.
Trade idea is from:
- Using fib retracement from Highs and Lows of July/Aug - Nov/Dec 2019
- Using fib extension from points of Dec 11 / 20 / 31, 2019
- Using Heikin Ashi for momentum
- Using 50-100-200-EMAs
- Using VWAP (Weekly, Offset: 2)
What's happening:
Resistance-turned-Support @ 14.90 ~~ Look for this area for a slight bounce. It previously acted as support before the stock drove lower. It was also a small resistance that upward momentum eventually won (Dec 18-27).
Currently the stock is trading @ 200-EMA ~~ Look for a slight pullback to possibly test support either at the 100-EMA or 14.90. However, if it could push through the 200-EMA there's a higher chance to test 16.00
Above VWAP @ 15.14 ~~ Considered good momentum to more upside. If it touches the VWAP or goes under (and a candlestick is RED) then it would signal a possible move down. Look for the support if so.
What's my trade: (Where I would exit if I could but I'm holding for a year)
Resistance @ 16.00 ~~ First milestone to achieve. Will need to close ABOVE if it wants any chance of going higher before earnings.
Resistance @ 16.50 ~~ The 1.618 exit point.
Resistance @ 17.00 ~~ The 0.5 retracement point from year highs.
I don't anticipate the stock soaring above 17 within the next 3 months without any catalyst events. My prediction is that it would trade sideways between 16.00 - 16.50 until earnings.
Good luck and happy trading!
[Long idea] RUNRenewable energy sector. Don't know too much about this except that Energy is a bullish sector and there is momentum divergence under this wedge, with long term price support
Descending triangle on $RUNPretty disappointing action, lower high same/lower lows, pretty obvious descending triangle. Measure move would be around $12
Potential double bottom here, too early to tell. Confirmation would be at 14.77. If the double bottom is confirmed, the measure move would be around $16.
$RUN Short - 1D TFI am shorting $RUN on 1D TF. Price broke DC20 downwards on daily TF. MA50 is crossing MA200 on daily downwards.
Weekly closed below MA50 and may be ready to revisit weekly MA200.
Daily RSI is bearish - below 40. MACD is bearish on daily. ATR is about to grow.
SL if daily price closes above DC20, MA50 and MA200 and to be monitored based on price progress.
Any comments are more then welcomed! Thank you and please trade carefully and with money you can afford to lose.
RUN - Trying to run from the H&S patternPretty basic chart. H&S pattern has formed and the price is currently trying not to break below the neckline which would trigger the pattern. If there is a breakdown in price then the price target becomes $7.68. Situation sets up rather nicely on a reward-risk ratio.
$RUN bullish pennants...b/o$RUN continues to maker higher highs, the trend is up. Recently forming a bullish pennant, looking constructive.
BULLS ARE ON THE STAMPEDE IN RUN ACTION IS EXTREMELY BULLISH IN SUNRUN
INDICATORS SIGNAL BULLISH CONTINUATION
OPTIONS ACTIVITY IS HIGHLY UNUSUAL
INSIDER BUYING BULLISH.
BREAKOUT CONFIRMED BY VOLUME.
AVERAGE ANALYSTS PRICE TARGET $20.62
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO
SHORT INTEREST 13.64%
INSIDER TRADE
Tiger Global Long Opportunities Master Fund, 10% owner of Sunrun Inc. (NASDAQ:RUN), bought 833,677 shares for an average price of $18.60 per share on June 25.
COMPANY PROFILE
SunRun, Inc. engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. It also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan. The company was founded by Edward H. Fenster, Robert N. Kreamer and Lynn M. Jurich in January 2007 and is headquartered in San Francisco, CA.
SUNRUN INC - NASDAQ: $RUN Ready To Run Again?After going topside nearly two weeks ago on solid volume, shares of SUNRUN INC - NASDAQ:RUN find themselves consolidating the recent thrust on lower volume and in a fine manner as we can observe from the Daily chart above.
In addition, the stock presently finds itself perched above all of its important moving averages 20/50/200 DMA's and in fine technical shape.
Furthermore, when we extend out to both the Weekly and Monthly time-frames, we can also see that RUN displays excellent technical characteristics. Thus, we have a stock that remains in favorable shape across multiple time-frames, which is certainly a healthy picture from a technical viewpoint.
Moving forward, both investors/traders may want to continue to monitor the action closely for if and when RUN should be capable of taking-out the $19.30 level, such development would likely trigger its next meaningful run/advance into all-time highs and Blue Sky's.
