SHORT TERM: (See the attached 6-month daily logarithmic chart)
On the daily chart we can see that a head and shoulders was formed during
the last test of the 5.64-resistance (red). Its neckline at 5.10 (blue) is a
critical resistance. The short-term downtrend (orange) is already broken up
with big volume. If SUNW succeeds to break up the resistances at 5.10 (blue)
and 5.64 (red), bottoming will be completed. The short-term outlook is also
bullish.
Americanbulls.com posted a timely BUY signal 4 days ago. If you are already
holding this stock our advice will be to keep it unless a SELL signal is
posted. If you do not have this stock and are interested in it, we advise
you to add this stock in your portfolio as soon as possible. SUNW is still
technically cheap and it has a bullish outlook for the long term and the
short term.
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