No. It's Ouija board stuff at best; market manipulation at worst...essentially the prognostications of 27 year-old surfer. Waste of Time. Ignore it.
Indicators such as RSI do not suggest that it is overbought by any stretch of the imagination.
Less oil glut = more expensive oil = more solar energy = wealthier ivorytowerboy
The NASDAQ is looking quite ugly...if it continues to drop on Monday, there could be a rush to sell and a 8% drop is possible before Xmas (a Grinch anti-rally). On the other hand, if the NASDAQ recovers on Monday, then, with the ITC news, SUNE could easily hit $7. This could initiate a huge spike as shorts exit and momo players enter. I will see what the pre-market looks like on Monday. If it's down, I will initiate a stop loss. If the market is up, I will shift even more funds to SUNE.
And verily, it came to pass that the Great Battle of $6.50 was initiated at 11 AM; bulls and bears locked in mortal combat.
The last two days, there have been bear raids mid-morning. If you had put in a stop loss this morning at $6, you would have been screwed out of $0.25. It's better to sell a portion when the RSI get too high IMO. As long as there are oodles of shorts out there, volatility will rule the day. GLTY.
I don't see it going past $12 in the short term....Solar is the future, however. Will SUNE rise to dominance??? Not too likely with the chuckleheads who brought it to its knees at the helm. I am not a patient investor...I know that's not a good quality but "Investor, know thyself."
I expect to hit $7 by Xmas. Once we hit $7, a major short squeeze.... 50% in a day to $10 or $12. Beyond that, I'll probably move on.
Wizard: Please retract this aspersion against me. I've been long SUNE for many months.
it smells like victory.
Sentiment: Strong Buy