After consolidating from 0.50 to 0.55 for more than 2 weeks from previous call...
Finally, we are seeing some actions today with it breaking above the 0.55 resistance level.
We can see more upside from here on more confirmation especially if it holds above 0.55 now.
Longer term uptrend remains intact as long as 0.500 holds, support has been shifted up for now...
Can the next phase of upside continue with target to 0.60 near term or maybe even higher..... ?
We Shall see.....
Congrats to some who were locked in previously and already in the money.... we actually had 2 bullish signals a few weeks back....
NO EXITS YET..... :p
For illustration purpose only
Recent Email:
Sent: Wednesday, January 04, 2017 4:48 PM
Subject: ******** Sunpower: Finally some actions above 0.52, uptrend intact above, price 0.54
Subject: ******** Sunpower: Finally some actions above 0.52, uptrend intact above, price 0.54
Sunpower has consolidated below 0.52 for about 2 months, has tried many times to cross above but so far no specific price action we were looking for. Today could be a good move for the upside to continue especially if the 0.55 - 0.56 clears out as well. Target to 0.60 in the short term. Has been trading above the upward sloping channel support line since Oct which is a good sign.
For illustration purpose only
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