Sunpower (SPWR) Price Analysis

technicaltrader (41)in #trading • 6 years ago

Weekly chart shows price remaining below the large, two and a half year consolidation that broke down mid-December. With the short term retrace now looking to have broken down, with a shooting star marking the top on Monday, given US markets are at resistance zones after a strong rally, there is strong R/R for a short here.

Target at the 2012 low. Back to neutral if price moves above the top of the shooting star at 5.74.

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6 years ago in #trading by technicaltrader (41)

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