Sunpower

Sunpower - 27th Jan 2017

Sunpower has a very beautiful run away Gap and closed well at 68.5 cents. Couple with high volume this is very positive.

We would like to capitalize on this run away Gap up and likely to make an attempt to test 70 cents soon. The current price of 69 cents is staying above the SMA lines which is generally quite bullish/healthy.

Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may move up to test 70 cents. Breaking out of 70 cents with good volume that may propel to drive the share higher to 75 cents then 80 cents with extension to 90 cents.

( Trade base on your own decision)