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SUNE

SUNE Earnings Report WednesdayThis one is tough and I've spent a few hours looking into how Wednesday will turn out and I cannot come to a conclusion. I see a lot of hesitation in the last few days, possibly in preparation of the earnings reports releasing on Wednesday which are finally being published after the company failed to meet the 15-Day extension on the original due date for the records. The company claims there were "material weaknesses" in its internal accounting control. While last year 4th Q reports were %50 higher than the forecast, the following quarters have been a recovery from last years 3B in expenses. We could very likely be seeing the first positive Q results in the last 9 months on Wednesday. The entry into tomorrow should be interesting, for those wishing to get in on the ride, that entry window will probably be open and closed within the first 15min to an hour of market open. From there it will really depend on how investors take the reports. If they come out positive we could see a break from this roller coaster. Potential Entry & Exit ares labeled as blue boxes. .
SShort
by UnknownUnicorn371507
2
Long SUNE: Entry at Thrust Target Through Completion of (iv)On the daily TF, we are in the midst of the fifth and final wave of an expanding ending diagonal, counted as C of an ABC zig-zag correction. The monster buying opportunity will be at the completion of this C wave, however, we may be presented with a short term long opportunity with a R/R of 8.5. The current count is wave-b-of-(c) in a potential flat correction which may complete the fourth wave corrective structure in the last leg of the ending diagonal of C. The triangle thrust is confluent with AB=.618CD and is supported by wave-iii low, so a tight stop is not unreasonable here. There will be two targets, one at (a)=(c), which is conservative, and another at the more aggressive yet probable fourth wave terminus at (a)=1.5(c) in previous fourth wave territory. If the trade triggers and travels to target, I will not be taking a short position but instead will wait for C to complete for a long term buy-and-hold.
SLong
by glennmercer
1
SUNE Outlook: Bullish Cypher to Bearish GartleySUNE is nearing the completion of a bearish cypher pattern after breaking the bullish Wolfe wave confirmation line and retesting. This presents an opportunity to place a long position. The next pattern to look for if this is filled and completed is the bearish Gartley pattern. Depending on price action, I may be taking both of these trades. I will update the idea accordingly. Cypher PRZ Confluence: Bullish Wolfe Wave on larger TF .786XA 1.272BC Projection 2.5AB=CD MA200 Support Gartley PRZ Confluence: .786XA AB=CD 1.272BC Projection
S
by glennmercer
SUNE market changing sentiment to bullish, technical confirmedThe last time MACD crossed the centerline was from the positive side, and the 80+ percent drop played out over the next few months (highlighted in light red). The MACD is about to cross the centerpoint from the negative side indicating the long down trend and negative direction in the chart has ended and we are seeing a start of what could be a lengthy bullish trend. In addition as further confirmation, a long downtrend has been pierced and closed above (long green line).
SLong
by nickotien
The Tesla unicornSolar stocks such as SUNE, SCTY have been hammered real hard for the past 3 weeks. Tesla is not a unicorn immune to the global deflationary forces. Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing (QE). It is also on the verge of breaking down from the rising wedge developed since November 2013. Stop loss: 236.72 Take Profit: 132.02 Entry: 212.94 Overall, I'm still bullish in the long term prospect of Tesla and at $120 it is almost certainly a good buy.
NASDAQ:TSLAShort
by LastBattle