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SUNE Long Trade Entry

SUNE will be added as an aggressive Active Long Trade & Long-term Trade here at 1.72 with a suggested stop on a daily close below 1.40 (or higher, if only targeting T1 or T2). SUNE just printed a divergent low on the daily time frame while also bouncing off long-term support as rarely seen oversold levels on the weekly time frame (10-year weekly chart below).

Once again, this is an aggressive trade as SUNE is clearly in a vicious bear market with only some early & potential signs or a reversal so far. Due to the low price of this stock & the fact it is a counter-trend trade, only consider SUNE if it meshes with your risk tolerance, objectives & trading style. Also make sure to factor in the proper beta-adjustment to your position size to account for the above average gain & loss potential on this speculative trade idea.

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Feb 17, 2016 3:11pm|Categories: Completed Trades - Long|Tags: |1 Comment

One Comment

  1. snp February 17, 2016 8:45 pm at 8:45 pm

    fib levels on a daily indicate about 60 cents is a good bottom fishing area. im gonna wait for that.

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