Sun Power to break out from cup/handle? LONG? Let's See TODAY
Sun Power oscillated between roughly 9.5 and 10.5 per share during a somewhat longer "handle" phase, but it is now breaking out and is 11+ per share. SSPWR reports earnings today (Wed) at market close. It is projected to be -0.36. We will have to wait and see if it swings a positive earnings report, against expectations, which could push SPWR even further - even as it is now at roughly an annual high.
This long was called a while back as it started to form the handle of the cup: The breakout could follow this week and in through next-- but that earnings report is C R U C I A L.
Obviously it is.
Happy Trading!
-BDR
*See attached ideas for the description of the forming on what could be a final correction wave / formation of cup-handle*
This long was called a while back as it started to form the handle of the cup: The breakout could follow this week and in through next-- but that earnings report is C R U C I A L.
Obviously it is.
Happy Trading!
-BDR
*See attached ideas for the description of the forming on what could be a final correction wave / formation of cup-handle*
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