SUNW (SUNWORKS) is down from $160 to $0.22 and then rallied to $8.00 and then retraced to just over $2.00. The current rally was confirmed by a Leibovit Positive Volume Reversal last Wednesday accompanied by a rising 5/3/3 stochastic. Support (stop) is at the recent $2.00 low. Upside potential is tough to gauge, but a push up to the $4.00-$5.00 range is not unreasonable over the near-term.
Monday, April 25, 2016
METASTOCK LEIBOVIT VOLUME REVERSAL TUTORIAL FOR SUNWORKS - SUNW - APRIL 25, 2016
From the desk of top market timer Mark Leibovit:
SUNW (SUNWORKS) is down from $160 to $0.22 and then rallied to $8.00 and then retraced to just over $2.00. The current rally was confirmed by a Leibovit Positive Volume Reversal last Wednesday accompanied by a rising 5/3/3 stochastic. Support (stop) is at the recent $2.00 low. Upside potential is tough to gauge, but a push up to the $4.00-$5.00 range is not unreasonable over the near-term.
SUNW (SUNWORKS) is down from $160 to $0.22 and then rallied to $8.00 and then retraced to just over $2.00. The current rally was confirmed by a Leibovit Positive Volume Reversal last Wednesday accompanied by a rising 5/3/3 stochastic. Support (stop) is at the recent $2.00 low. Upside potential is tough to gauge, but a push up to the $4.00-$5.00 range is not unreasonable over the near-term.
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