IPWR Sideways BreakoutNASDAQ:IPWR broke out of their ongoing sideway trend.
Falling under daily MA200 and EMA200.
Falling under weekly EMA200.
Possible targets:
ATRx1
ATRx2
Support at a low
Looking how the volume on Monday is.
IPWR trade ideas
$IPWR Deep Base Pullback But Looks Constructive73% retrace from the high is too deep for a constructive base but the way $IPWR is holding up building that right side is getting me very interested
Not ready for entry yet. Keep an eye on how the stock acts around that $17.50 supply line should it starts trading back up that way
$IPWR potential movementOpinion on how $IPWR will move
Recent reversal but with low volume
May consolidate around current price (resting at high volume node area referencing VP)
If continue move up, next target area is resistance highlighted which is also the next high volume node area reference VP - this may also be another consolidation point
Looking into any upcoming positive news/positive market sentiment/volume for continuous upward movement
$IPWR! GTFO- BEARISH
Bearish divergence on the 1 t chart, and almost a MACD crossover on the dayli! We got a bullish pennant, but the volume look weak (not in a declining order)!
Rejecting the trend line three times!
RSI indicates a downtrend incoming! (Look at dayli)
- BULLISH
We got a bullish sausage pattern on the dayli candles!
$IPWR Ideal Power a innovator in Solar. Possible bullish break as the range tightens, short term trade opportunity on a break above the EMA34.
Company profile.
Ideal Power, Inc. engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. Its products include solar inverters, bi-directional battery, electric vehicle chargers, photovoltaic inverters and battery converters. It has developed the patented Power Packet Switching Architecture power conversion technology. The company was founded by William C. Alexander on May 17, 2007 and is headquartered in Austin, TX.
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LONG - IPWRGratz to holders this morning who made out on some $$$, I still think this has ways to go. There's intense volume here on the breakout. Last time this happened was during a decline on the 30week MA, but this time it's moving upwards... meaning it looks good. Just my two cents! Happy trading boys and girls.
IPWR - Strong insider buying, Long from $3.40 to $4.17 & higher
* Trade Criteria *
Date first found-March 20, 2017
Pattern/Why- Strong upward trend with insider buying.
Entry Target Criteria- pullback to $3.40-3.42
Exit Target Criteria- $4.17
Stop Loss Criteria- $3.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
