SunWorks Inc (SUNWQ)

[PaperSherpa]

The chart is what first hit me when I was directed to SLTD not to long ago. From the chart, I went to reading about this company. I couldn't sleep and bought shares the next day.
The 50 MA is proving to be a lower channel line like you have said, yes. Drawing a parallel upper channel line shows the channel top that traders are selling. I have been tempted to selI so as to add to my position on a retracement to support. I think that the resistance areas up to that upper channel line will be blown right through as news comes from the company. I think the upper channel line will experience a break out when big news comes and I don't think that the upper channel line will act as support because we will be entering what others call a "Blue Sky Breakout". Support will be elsewhere, like higher :)

Just a perfect blue sky for innovative technology