Thursday, April 27, 2006
Sunpower - Neckline Support Tested
Inverted Head and Shoulders Neckline support at 18.5 cents was tested 4 days ago and is still intact. Yesterday closed with a gravestone doji formation and the current lunch break formation is another doji. These dojis indicate market indecision. Immediate support is 19.5 cents. Next support is the neckline suppport at 18.5 cents. Immediate resistance is 22 cents. Breakout above 22 cents will see price move upwards towards the next resistance zone between 26 cents to 28 cents.