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Bullish- Triangle Breakout (Long Play)

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SunPower Corporation (NASDAQ:SPWR)  
jacobosiason7  
NASDAQ:SPWR   SunPower Corporation
Trend Analysis Chart Patterns Technical Indicators Symmetrical Triangle Hammer Bullish Patterns LONG PLAY breakout solar
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trendanalysis chartpattern indicator symmetricaltriangle hammer bullish long play breakout solar
SPWR closed on Friday with a bullish hammer candle right on its 50day EMA. Consolidating in a symmetrical triangle at the moment, nearing the overbought range but buyer volume is clearly picking up relative to seller volume. Has resistance at the $30.75 level that it has rejected twice now. Will be watching closely for a breakout at the end of this triangle, bullish.
Long Play-

PT1- $32.26
PT2- $36.49
PT3- $38.12
Penafian

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