SUNW Heating Up
NASDAQ:SUNW daily chart broke through the trend line today after several months of basing around the 200 EMA .
I would initiate a long trade above today's high at $10.71
Place the stop loss under the June 21st local low at $8.79
The eventual profit target is the ATH at $29.37 which gives a risk/reward ratio of 9.72!
I would initiate a long trade above today's high at $10.71
Place the stop loss under the June 21st local low at $8.79
The eventual profit target is the ATH at $29.37 which gives a risk/reward ratio of 9.72!
Related publications
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.