SunPower Corporation (SPWR)

[stocktrademan]

Do you seeing us filling the gap up to 14? Soon??

So far so good, I think it will reach it soon. Long term the chart is looking like it is making an important reversal upwards. So sooner or later the price should even go above the gap which will get even more buyers interested. The chart might have some resistance at the gap during the first visit but I don't think it's going to reverse at the gap back down.

Taking a look at the weekly ichimoku chart it can be seen the price is entering that wide cloud area. One would think how thick it is means heavy resistance, but actually once it gets inside the cloud it can move around like its in no mans land weightless so to speak. It's a neutral area. So the people who play trades inside the cloud would be waiting to target the upper area around 16 or so really.