Sunpower – [ Lost Its Shine? Any More Power Left?]

8th March, 2019, 11:43 AM

Sunpower – [ Lost Its Shine? Any More Power Left?]Sunpower 8th March 2019

Chart Source: Poemsview 8th March 2019

Sunpower had a good run over the last one month and finally hit the brakes to come down.

Using the moving averages we can see that sunpower broke its 5ema and started coming down.

Our EXCLUSIVE CLIENTS were alerted of this analysis given that the uptrend line was supporting it too. A break below the support of $0.585 saw Sunpower moving down relatively fast to its 20ema.

We’re glad that using such a simple indicator helps strengthen our analysis and gives us an additional tool to increase our probablility.

Currently Sunpower is supported by the 20ema but a break of might see it move lower. Our next support is at $0.53

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Details are below:

Date: 11 March 2019

Time: 7:30pm

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Sunpower- Anymore Power?

2nd March, 2017, 10:50 PM

Sunpower- Anymore Power?sunpower

Sunpower Group Ltd. is recognised as a specialist in the design and manufacture of such energy saving and environmental protection products .  If you’re interested you can find out more on their website.

It had a very powerful run and it seems resisted for now. Will it have more power to break that downtrend line? We’re hoping not yet. As you can see it’s currently also below the 10 days exponential moving average which is not a good sign. A good pullback would be healthy and we’re looking at a short entry around 0.795-0.805. We can place a stop loss at 0.835

We feel that the risk reward is not bad if Sunpower can move lower to 0.66 level Remember not to naked short but use Poems CFD(DMA) for shorting as this might take time to come down.