Saturday, February 5, 2011

SunPower Traces out a Bullish Continuation Pattern (SPWRA)

From StockCharts:
There are two types of head-and-shoulders patterns: reversal and continuation. A reversal pattern changes the trend, while A continuation pattern resumes the trend. SunPower surged in September and then consolidated with an inverse head-and-shoulders. Neckline resistance resides in the 14.90-15.10 zone. A breakout would suggest a continuation of the prior advance. 
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