Sunpower after touching the low of 34 cents on 15th Sept 2016, it had managed to rise higher and conquer the major overhead resistance at 42.5 cents and closed well at 46.5 cents on 8th Nov 2016.
Couple with high volume, this is rather positive.
The price had managed to follow through the next trading session and touch the high of 49.5 cents on 9th Nov 2016.This is generally quite healthy/bullish.
The current price of 47.5 cent is staying above the SMA lines which may likely provide further indication that the share price may continue to rise higher.
Short term wise, I think it may move up to test 49.5 cents. Crossing over of 49.5 cents with ease + high volume that may propel to drive the share price higher towards 55 cents with extension to 60 cents.
( trade base on your own decision).
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