Get started
jacobosiason7

Falling Wedge- Bullish

Long
Sunrun Inc. (NASDAQ:RUN)  
jacobosiason7  
NASDAQ:RUN   Sunrun Inc.
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns breakout supply_and_demand support_and_resistance squeezing price_action swingtrading Divergence buyers
3
0
trendanalysis chartpattern indicator bullish breakout supply_and_demand support_and_resistance squeezing price_action swingtrading divergence buyers
Big falling wedge on RUN that it's been holding for quite some time now. The solar sector tends to be cyclical with respect to price action, which in turn leads to big breakouts and vice versa (See charts of ICLN & TAN). With all of the intraday choppiness and the broader markets seemingly starting to pull back a bit as big tech takes a breather, the solar sector had surprisingly good relative strength on Friday with FSLR, NOVA, and RUN managing to close green on the day.
- Bollinger bands squeezing, closed Friday sitting right on its 20-day SMA (Not Pictured), and some slight bullish divergence on the RSI. Will be looking for a breakout from this falling wedge (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on

PT1- $48.99
PT2- $50.27
PT3- $53.33+ Breakout

ICLN
snapshot

TAN
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.