Friday, April 21, 2006
Sunpower - Inverted Head and Shoulders Formation Confirmed
Closing price for 2 consecutive days above the red neckline at 18.5 cents confirmed the inverted head and shoulders formation. Immediate support is the purple dotted line at 19.5 cents. Critical neckline support at 18.5 cents. Immediate resistance is 22 cents as shown by the green line. Both RSI and stochastics are in oversold region. Some profit taking before resuming uptrend climb. Theoretical target price is 27 cents. Be alert and nimble.
# posted by Cherie : 12:19 PM
