SPWR - This looks good to me-Price hit a demand zone, retested it, and is taking off from there.
-The indicators I like look good to me.
-Price has pulled back much farter than the broader market (see fib levels)
-This seems like a good deal to me.
-RUN and SPWR have similar looking charts, too, if you like those better. I think, fundamentally, SPWR is the best out of the 3, though.
Have fun and be safe!
SPWR trade ideas
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SPWR - D :: Support Region - Accumulated PriceThe price was valued at $54 and is currently priced at $22, so this could be a good distance for long-term appreciation. We recommend TPs based on $5 valuation.
TP1 - $30
TP2 - $35
O preço esteve no valor de 54 dólares e atualmente está custando 22, isso pode ser uma boa distância para valorização a longo prazo. Recomendamos os TPs com base na valorização de 5 dólares.
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.
🟢 ADDED to $SPWR Target 39.67 for 37.12% (Risk Level - Med)🟢 $SPWR Target 39.67 for 37.12% (Risk Level - Med)
Or double position at - 18.19
This one hit this morning for average down.
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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.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 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 Corp Turned Bullish
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Bullish- Triangle Breakout (Long Play)SPWR closed on Friday with a bullish hammer candle right on its 50day EMA. Consolidating in a symmetrical triangle at the moment, nearing the overbought range but buyer volume is clearly picking up relative to seller volume. Has resistance at the $30.75 level that it has rejected twice now. Will be watching closely for a breakout at the end of this triangle, bullish.
Long Play-
PT1- $32.26
PT2- $36.49
PT3- $38.12
$SPWR Looks like a Cup with Handle FormationSunPower looks to be forming a nice cup with handle. The Solar stocks were coming on strong after a big pullback. This one is building out the right side of the chart in a constructive manner. They beat earnings with about a 75% earnings surprise. I have this on my watch list and I'll likely go long on a break of the handle downtrend. I am also long $RUN so I like this space. Another way to play the sector is with the sector ETF: $TAN. Ideas, not investing / trading advice.
The blue lines on the chart are areas I have identified as areas of resistance / support once above.
May 2021 from earningswhispers.com:
Sunpower Beats
Sunpower (SPWR) reported 1st Quarter March 2021 earnings of $0.07 per share on revenue of $306.4 million. The consensus estimate was for breakeven results on revenue of $305.1 million. The Earnings Whisper number was $0.04 per share. Revenue fell 31.8% compared to the same quarter a year ago.
The company said it expects second quarter revenue of $295.0 million to $345.0 million. The current consensus revenue estimate is $336.07 million for the quarter ending June 30, 2021.
SunPower Corp is engaged in designing, manufacturing, installation and ongoing maintenance and monitoring of solar system.