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TechnicallyCorrect

SUNW Heating Up

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TechnicallyCorrect  
NASDAQ:SUNW   None
Support and Resistance Trend Lines Chart Patterns SUNW sunworks riskrewardratio buysetup chartanalysis
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supportandresistance trendline chartpattern sunw sunworks riskrewardratio buysetup chartanalysis
NASDAQ:SUNW daily chart broke through the trend line today after several months of basing around the 200 EMA .

I would initiate a long trade above today's high at $10.71

Place the stop loss under the June 21st local low at $8.79

The eventual profit target is the ATH at $29.37 which gives a risk/reward ratio of 9.72!

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