RUN - Swing tradeNice potential swing trade brewing here. I like the break of 61 and then a nice swing up. $68 or $72 could be doable depending on the run
3S9 trade ideas
SunRun to $82 then $126 and ultimately $172 by Q1 2021SunRun (RUN) has made some amazing gains in the past and it's clearly shown it has broken its downtrend pattern after the merger w/ Vivint Solar (VSLR). Vivint has an amazing management team and was doubling revenue every 2 years.
The combination of the 2 companies makes for the world's 3rd largest global owner of solar capacity:
www.greentechmedia.com
Only 3% of US households have solar installed yet 9 out of 10 desire to have it. The future is bright for VSLR / RUN holders.
There is so much upside here that its pretty easy to spot considering the entire world is transitioning to higher proportion of solar energy.
The pro-forma company will have:
495k customers combined
3,435 MW cumulative solar installations
$592 million of cash on the Balance Sheet
Revenue Growth
Here is what Revenue Growth will look like over next couple of years as well:
2020: $898m
2021E: $1,292m (44% increase year-over-year)
2022E: $1,483m (15% increase)
$RUN Bull Wedge?I've been watching $RUN for a while now. They reported earnings yesterday after the bell and they beat both earnings and revenue and now have several price target upgrades from $70 to $78. I opened a 1/2 position at $58.50. I'll look to add more as it continues to move higher. My stop is tight at $56. If it cannot hold this level I'm out. My price target is $70.00
Can go either wayDefinitely on the watchlist. My overall opinion here is LONG, but as of short term (7-30 days) timeframe:
This can go either way.
I added green and red arrows in direction I believe either scenario will go into mid Nov.
Key points are Pivot (P) and Support (S1)
*Indicators/ Tools used*
-ZigZag
-Pivots
-Supertrend Vol.10
-MACD
-Vol
-Arrow
(change colors to red/green)
-Regression Trend
-Flat Top/ Bottom
*Please add a like if you find this useful, thanks*
$RUN #RUN shakeout pattern on the .618 for short term bounceThe Correction seems to have found a short term bottom. This is not something I am trading, but with the double shakeout pattern forming on the .618 fib, I would expect a short term bounce to the $62.42 level before perhaps correcting further.
RUN:NASDAQ - SUNRUN - Residential Solar with a 700% run so farSunRun is one of the leading residential solar, battery storage, and energy services company in the United States and their stock has been on a nice and steady run since the March lows up around some 700%. I will probably wait for a bit of a pullback before an entry, but certainly worth a watch.
$RUN can fall in the next daysContextual immersion trading strategy idea.
Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $36,55;
stop-loss — $39,02.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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