$SUN looks ugly. Move to $9.22 incoming?Sunrun looks to be retesting/rejecting resistance here which would setup a large move lower.
I think we're about to see a move lower down to $9.22. Invalidation of this move would be a break and hold above resistance line and then channel. Even if there's a short term move higher above resistance, price would need to break above the channel to turn bullish.
I'd be careful if long.
Sunrunstock
Sun Running Down a Hill? Sunrun - Intraday - We look to Sell at 29.04 (stop at 30.03)
Previous support level of 30.00 broken. We look for losses to be extended today. Closed below the 20-day EMA. The primary trend remains bearish. We look to set shorts in the early trade.
Our profit targets will be 26.22 and 23.50
Resistance: 30.00 / 32.00 / 35.00
Support: 25.00 / 23.00 / 20.00
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