SUNW has moved across the SMA 20 although the volume is lower than average.
Tag Archives: Sunw
HNP
HNP is in similar condition as SUNW. It needs to break out SMA 20 now to change its current downtrend. However, in the past two months, it has not done so. It backed down from the SMA 20.
HNP
HNP is in similar condition as SUNW. It needs to break out SMA 20 now to change its current downtrend. However, in the past two months, it has not done so. It backed down from the SMA 20.
Beaten up SUNW
After suffering a 27% drop in less than a month, SUNW has shown some life above 4. The support at 4 is firming up provided that there is no further major news coming out of SUNW. The next resistence is around 4.5. You may wait for a while before initiating a new position or scale in in increments. The stop loss can be set at 4.0.
LFC, HNP and SUNW
LFC reversed a little bit after it gapped down when the news came out about SEC formal probe.
SUNW is under pressure after today’s downgrade. I would close my position if it drops below 5 (It lost over 5% today, previously it’s 25% gain). I was tempting to sell it at 5.5 last week, but changed mind at last minute as I was thinking that it might break out from 5.5. I guess that there were people who were unloading positions around 5.5 to keep it under selling pressure. I would be a buyer again at lower price, say 4.7.
HNP resolved this triangle to the downside.