RUN trade ideas
$RUNsymmetrical triangle, if we break above targets are $64 -> $72 I see a pullback to $55.50, needs to hold triangle for a chance at targets
RUN - Swing tradeNice potential swing trade brewing here. I like the break of 61 and then a nice swing up. $68 or $72 could be doable depending on the run
SunRun to $82 then $126 and ultimately $172 by Q1 2021SunRun (RUN) has made some amazing gains in the past and it's clearly shown it has broken its downtrend pattern after the merger w/ Vivint Solar (VSLR). Vivint has an amazing management team and was doubling revenue every 2 years.
The combination of the 2 companies makes for the world's 3rd largest global owner of solar capacity:
www.greentechmedia.com
Only 3% of US households have solar installed yet 9 out of 10 desire to have it. The future is bright for VSLR / RUN holders.
There is so much upside here that its pretty easy to spot considering the entire world is transitioning to higher proportion of solar energy.
The pro-forma company will have:
495k customers combined
3,435 MW cumulative solar installations
$592 million of cash on the Balance Sheet
Revenue Growth
Here is what Revenue Growth will look like over next couple of years as well:
2020: $898m
2021E: $1,292m (44% increase year-over-year)
2022E: $1,483m (15% increase)
$RUN Bull Wedge?I've been watching $RUN for a while now. They reported earnings yesterday after the bell and they beat both earnings and revenue and now have several price target upgrades from $70 to $78. I opened a 1/2 position at $58.50. I'll look to add more as it continues to move higher. My stop is tight at $56. If it cannot hold this level I'm out. My price target is $70.00
Resistance rejection. Good company. Got rejected at the line of resistance. Most likely with the overall market selloff that the stock got rejected. Hopefully the Market can go green after the elections depending on who wins, and Covid situation.
Can go either wayDefinitely on the watchlist. My overall opinion here is LONG, but as of short term (7-30 days) timeframe:
This can go either way.
I added green and red arrows in direction I believe either scenario will go into mid Nov.
Key points are Pivot (P) and Support (S1)
*Indicators/ Tools used*
-ZigZag
-Pivots
-Supertrend Vol.10
-MACD
-Vol
-Arrow
(change colors to red/green)
-Regression Trend
-Flat Top/ Bottom
*Please add a like if you find this useful, thanks*
$RUN #RUN shakeout pattern on the .618 for short term bounceThe Correction seems to have found a short term bottom. This is not something I am trading, but with the double shakeout pattern forming on the .618 fib, I would expect a short term bounce to the $62.42 level before perhaps correcting further.
RUN, SUNRUN, RUN!HHHL + Y1<Y2
X2 is yet to complete
it has power up as long as it doesn't hit power down line @ 54.20
no solid reversal signal yet
however, if W&R success, and don't make another lower low:
TP @ 85.52
SL @ 54.20
RUN watching closelyLooks like RUN can reverse from this level.
If so, it can run into earnings
My target would be 80itch
RUN Potetial Profit 33.33% - Uptrend corridorRUN made a doble top at $82.42 and went down to $63.92 support.
Entry point: $64.00
Take profit: $85.23
Stop loss: $56.00
LONG RUNBest perfoming stock in the best performing industry. I'm wating for a larger retracement, then enter long on a bullish volumous signal. I believe it is possible that the stock could already go higher but I feel this is the lowest risk entry setup, after having made 4 strong moves.
#RUN $RUN AWAY NOWDouble top, shooting star forming. Expect a correction to the yellow box. I went super small on this play so I am most likely right.
RUN:NASDAQ - SUNRUN - Residential Solar with a 700% run so farSunRun is one of the leading residential solar, battery storage, and energy services company in the United States and their stock has been on a nice and steady run since the March lows up around some 700%. I will probably wait for a bit of a pullback before an entry, but certainly worth a watch.
RUN intraday ideaRUN is breaking all time highs and it has a lot of momentum for that reason the bullish trend is pretty clear, for that reason, we think the first support is 69,03 , so we are looking for longs in that zone until the prior most traded price
RUN BUY OR LONG TARGET UP TO $60+RUN will confirm the " bullish flag " pattern at $48.5 I will open Long here.
Run buy : $48.5
Run Target : 60 +-2
Stop loss : 6%
Wish you a good deal!
