SPWR trade ideas
SPWR ShortSPWR received $1B financing. This should be the cause of the gap. Trading against the gap.
Entry 7.45, Cut 8.20, TP 7.10
SPWR long term positionLong term position for SPWR, this should start consolidating at the price range of 5.7 to 6.2
Oil and energy sector got hit hard, but this particular stock is of renewable energy type so i am hopeful by year end it hit 8.5 - 10$
cheers
SPWR - A clear winnerSPWR - For entertainment and trending. I own shares of this company. Check out the trending on my other ideas.
SPWR long tradeIf its brake trendline, if you look CMF at 5 min you will see at the end of day last 15min was huge smart money buying , not selling. Target 9,20$
SPWR approaching momentum zoneSPWR price shows a willingness to retest supply zone and therefore possibly encourage bulls to push price into the 9.45-11 momentum zone. Limit orders are favored above 9.45. with tight SL for a good RR ratio.
Timely reminder for 2020 trend followersIf you look at this chart, it is not difficult to spot 2 distinct patterns. First, in Dec 2018, the
price went from 4.57 to 15.89 in Aug 2019, almost 250% returns in profits. All this in less than a year. The S&P 500 last year did 28.9% return. So this is more than a 10 fold returns. WOW!!!!
But, more importantly is the 2nd pattern. If one gets complacent and did nothing to protect its profits, he will be sorely disappointed to see it evaporated when he wakes up anytime in Nov last year. The share price has plunged to a low of 7.04 from its peak.
Well, the market may have decided to give the early and late buyers another chance to profit from this stock. It sits at a support at 7.04 now and has broken out of the bearish trend line.
It's downside is if 7.04 fails to hold and it breaks down to retest the Dec 18 bottom at 4.93. Now, you can calculate for yourself the downside risk (7.04 - 4.93 = 2.11) vs upside gain (15.33 - 7.04 = 8.29) and decide for yourself if this trade is worth trading.
Trade safely.
Sunpower Extended ShortSunpower might either go through another correction or a bull rally. Key it should cross the trend lines and also break the previous high or level1.
SPWR ShortSunpower has a long series of correction waves. 8.05 might be a good buying opportunity before the bulls return.
Long SPWRYou don't have to be a tree hugger to get this... And, why we need "Earth Day" when every day is Earth Day is beyond my ken. OK, enough about me.
This pattern (and global warming - dang! Sorry.) suggests it might be time to buy SPWR.
If you are in California, affected by the fires in any way, my heart goes out to you.
$SPWR On The Comeback Trail$SPWR is due for a rebound and after topping Q3 earnings, we believe the recovery is just starting. After the RSI got just below 30, $SPWR has been oversold and due for a bounce. Key to watch is the 200 dma of $9.20 a share.
Here are the highlights from Q3:
SunPower (NASDAQ:SPWR): Q3 Non-GAAP EPS of $0.07 beats by $0.05; GAAP EPS of -$0.11 beats by $0.16.
Revenue of $499.7M (+12.7% Y/Y) beats by $24.41M.
SunPower (NASDAQ:SPWR) traded higher after-hours following better than expected Q3 earnings and revenues on strength in U.S. and international distributed generation markets.
Q3 adjusted EBITDA climbed to $42M from $8M in Q2 and $6.7M in the year-ago quarter.
SPWR says it achieved record residential and new homes bookings in Q3, with strong traction in California ahead of the 2020 new home solar mandate, and record shipments into international DG markets.
The company says it is tracking to a Q4 agreement on a potential investment to expand Maxeon 5 production.
SPWR expects Q4 revenues of $520M-$720M, in line with $631M analyst consensus; gross margin of 16%-19%; adjusted EBITDA of $74M-$94M; and MW deployed of 445-645 MW.
For the full year, SPWR maintains adjusted EBITDA guidance of $100M-$120M.
As always, trade with caution and use protective stops.
Good luck to all!
longDaily trend still intact with gap filled. Lots of rejection at the trend line showing buyers are stepping in
SPWR Bull Breakout of Failed Wedge SPWR had a huge bull breakout of a failed wedge bear flag. When a wedge fails there is often a measured move based on the height of the wedge. Prices are also testing above the top of the bear breakout and sell climax of August 2016. However prices are still within a large trading range (always look left!). This increases the likelihood of heavy two sided trading to continue. However the next likely bull target is the middle of the converging triangle and bear breakout around 21.00 which is also around a measured move up based on the wedge.
The buying pressure over the past year or so has been strong enough to make a larger second bull leg up likely. There are quite a few open bull gaps, the most recent being around 12.00 from this bull breakout. If the bulls are able to keep this or the 10.00 gap open it will increase the chances of a strong bull reversal and test of the upper trading range around 35.00.
If you found this helpful please like! Feel free to comment or ask questions.
SPWR - Potential swing trade I'm watchingNice uptrend so far this year, but I'll wait to enter for a move back up
SUNPOWER LONGSeems it will hold 61.8% level and set for 50% level.
Look for RSI divergence (1hr interval). If it appears then it might fall to 76.8 % level again.
