3S9 trade ideas
$RUN -- laggard of the Solar playsRUN broke out on heavy volume..
currently seems to be back testing the breakout level..
Lift off level should provide support, if its lost then look at the POC level..
Will the run for Run continue?SunRun and many other solar stocks have had incredible performance over the course of this year. Heading into 2021 the sector will surely be in the spotlight. Run has recently begin to show signs of continuing back toward recent highs. New volume has remained positive and price has broken out above its recent range. If the 61 area holds there could be a further move toward 82. If 61 doesn't hold then there is a potential retest of 49 in the cards. Please comment or ask any questions that come to mind
RUNPrice moving in a triangle , and price is expected to break to the upside from the triangle according abcde wave triangle formation with a target at previous high
[Long] RUNHonestly never thought I would be able to hop onto this RUNaway train.
Here it is with a huge bull flag inside of a ESG bubble. Risk of course but this is as good an entry as anything.
Safest to wait for breakout confirmation but hard not to feel FOMO with the entire solar / electric space so strong.
Possible Trend Continuation via Symmetrical TriangleSunrun is currently nearing the end of a symmetrical triangle formation, recently making its 3rd higher low and 3rd lower high in the previous trading sessions. A break of the top trendline would be a continuation of the uptrend into new highs. Bullish bias as TAN and other solar names have been getting lots of attention through Biden getting elected, and the proposed Green New Deal + re entry of the Paris Climate accord. Plan accordingly as the days lead up to break out of the triangle range.
RUN - Short SetupPossible short below $55.93. Stop signal 62.77. First target 43.66, Second target 30.23. Heavy insider selling. Could Consider the march or may $55 Puts.
RUN Possible Trading SetupLooking for a possible retracement back to $50. If that happens, will be looking at the fundamentals again and overall market condition before jumping in on a long position to $60 - $70
could go either way here imowatch for a break of one of the trendlines, calls or puts we will see some big moves in either direction when the trendline breaks. gl! leave a like :)
