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Forex Stock Exchange Forum » Forex and Stock Trading English Forum » Stock Market » SunPower Corporation (SPWR)

SunPower Corporation (SPWR)

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1attention SunPower Corporation (SPWR) Tue Feb 21, 2017 9:53 pm

Yuri

Yuri
Moderator

SunPower Corporation (SPWR), $7.89

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Trade:  We recommend buying the stock at current levels or better since extended intra-day.  In our experience, these +WRB bars are bullish and getting the ideal long entry is often hard to do so we are okay with entering at current prices.  Note:  We are going to approach this as a long-term Core holding because of the bullish alignment of multiple time frames; thus, please note that holding over earnings is higher risk.  We will look to deploy complimentary bullish option strategies around it over time.

Strategy:  Bullish Wide Range Bar (+WRB) breakout from daily and weekly charts, with Climactic Buy Setup on Major Support on the monthly chart.
Target:  $11.00 – 14.00 per Master Trader Mrs. Capra.

Max Loss:  Debit.
Stop Loss:  $12.88.


source; mastertrader

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