SUNW Heating Up
NASDAQ:SUNW daily chart broke through the trend line today after several months of basing around the 200 EMA .
I would initiate a long trade above today's high at $10.71
Place the stop loss under the June 21st local low at $8.79
The eventual profit target is the ATH at $29.37 which gives a risk/reward ratio of 9.72!
I would initiate a long trade above today's high at $10.71
Place the stop loss under the June 21st local low at $8.79
The eventual profit target is the ATH at $29.37 which gives a risk/reward ratio of 9.72!
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