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SunPower Corporation (SPWR), $7.89
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Trade: We recommend buying the stock at current levels or better since extended intra-day. In our experience, these +WRB bars are bullish and getting the ideal long entry is often hard to do so we are okay with entering at current prices. Note: We are going to approach this as a long-term Core holding because of the bullish alignment of multiple time frames; thus, please note that holding over earnings is higher risk. We will look to deploy complimentary bullish option strategies around it over time.
Strategy: Bullish Wide Range Bar (+WRB) breakout from daily and weekly charts, with Climactic Buy Setup on Major Support on the monthly chart.
Target: $11.00 – 14.00 per Master Trader Mrs. Capra.
Max Loss: Debit.
Stop Loss: $12.88.
source; mastertrader
[You must be registered and logged in to see this image.]
Trade: We recommend buying the stock at current levels or better since extended intra-day. In our experience, these +WRB bars are bullish and getting the ideal long entry is often hard to do so we are okay with entering at current prices. Note: We are going to approach this as a long-term Core holding because of the bullish alignment of multiple time frames; thus, please note that holding over earnings is higher risk. We will look to deploy complimentary bullish option strategies around it over time.
Strategy: Bullish Wide Range Bar (+WRB) breakout from daily and weekly charts, with Climactic Buy Setup on Major Support on the monthly chart.
Target: $11.00 – 14.00 per Master Trader Mrs. Capra.
Max Loss: Debit.
Stop Loss: $12.88.
source; mastertrader
