Short
BUY to SUNPOWER CORP
Hey traders, SUNPOWER CORP is in a bearish fake composition with an upside down hammer candle and an explosion in past purchase volume. By zooming in on the TIMEFRAME M1 we see a water carrier candle with a large volume of purchase issued, it is coming to test the base of the bollinger. And go from the top of it for a new test to go to the VWAP and go to the top of the comfort zone to test it. Strong propability to breakout the price with momentum at the same time the zone reaching another. And join the next highest followed by a test from the top of the zone to continue breakout on the top of the bullish channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.