where did the power go?NASDAQ:VVPR is out. this thing has peaked. its permenant. there will be long waves, but mostly down. thanks for being a great company still!
VVPR trade ideas
VVPR | Interesting Setup | BounceVivoPower International PLC, together with its subsidiaries, operates as a sustainable energy solutions company in Australia, Canada, the Netherlands, the United Kingdom, the United States, and the United Arab Emirates. It operates through Critical Power Services, Electric Vehicles, Sustainable Energy Solutions, and Solar Development segments. The Critical Power Services segment offers energy infrastructure generation and distribution solutions, including the design, supply, installation, and maintenance of power and control systems to a range of government, commercial, and industrial customers. The Electric Vehicles segment designs and builds ruggedized light electric vehicle solutions for customers in the mining, infrastructure, utilities, and government services sectors. The Sustainable Energy Solutions segment engages in the design, evaluation, sale, and implementation of renewable energy infrastructure. The Solar Development segment comprises of solar projects. The company was founded in 2014 and is headquartered in London, the United Kingdom.
VVPR Cup and Handle DevelopingVVPR appears to be developing a cup and handle dating back to October. We are missing the handle, though. This may be a brief pullback leading to a run up. Measurements for the cup are on the chart at approximately $7 from the top. On watch for a handle to develop or break out of the cup.
Volume was something to mention. The volume on the Weds run up was 16.5 million on a daily average of 1.625 million. A 10x Relative Volume.
Also worth mentioning, price reentered the RSI bull zone on 12/22 prior to the Weds run up.
VVPR Long IdeaHeld support which coincided with the 50 SMA. Biden looks to be the favorite to win the election which is a huge plus for solar stocks. Clear stop-loss below 5.50. This stock can move as past chart history shows.
Price Action & Psychology - Pullback, MTFAHello !
Key points :
Pullback after over-extension
Fading volume, downtrend losing steam
Engulfing on higher volume
Wide-range candles defining a strong upward movement
I like pointing out the fact that stocks hold on to certain historical support zones. Traders and investors tend to remember them well, as you can see below :
The general trend is "bullish", meanwhile the temporary trend is "bearish" (correction/pullback). The fact that we saw the volume fade means that the downtrend is running out of steam.
In fact, the engulfing pattern we see, coupled with a higher volume on the green day, confirms the theory that buyers are taking control back, i.e. the primary trend might be about to resume.
Now, on the weekly chart, we spotted that old support zone. And this is what the hourly chart looks like :
Pullbacks can be seen on any timeframe. It seems like that support we defined previously, still matters.
Because stocks never move straight to the upside, we can expect a pullback on the hourly chart. This will be the signal we're waiting for.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
VVPR - Retracement Complete. Bullish Momentum VivoPower International Plc engages in the development, procurement, and construction of small and medium scale solar and selected solar asset ownership and maintenance. It operates through the following segments: Critical Power Services, Solar Development, and Corporate Office. The Critical Power Services segment focuses on the design, supply, installation, and maintenance of power and control systems. The Solar Development segment involves development and sale of commercial and utility scale PV solar power projects. The Corporate Office segment includes the company's corporate functions. The company is headquartered in London, the United Kingdom.
SHORT INTEREST
83.4K 07/31/19
P/E Current
-1.53
P/E Ratio (with extraordinary items)
-1.53
Looking like a good LONG on regards to HIGH volume and Float.$VVPR is looking like a good LONG setup due to the Vary HIGH volume and Decent Demand of the float!
Volume average 20k
over NOW volume 6mill vary good stats.!
Is $VVPR primed for one those short float momentum I think we do see this stock move and it could be moving in the near future. I even like this to have a little continuation.
VVPR Detected possible contract awarded!!!VVPR: vivopower international plc ordinary shares
2018-08-06 09:00:24
Detected possible contract awarded
