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Sunpower (SPWR) Price Analysis by technicaltrader

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· @technicaltrader ·
Sunpower (SPWR) Price Analysis
![](https://cdn.steemitimages.com/DQmYAX5F3UzaxMzNSdpX5jgLRtACtbAXKwAen6aDyvNh7T6/image.png)

Weekly chart shows price remaining below the large, two and a half year consolidation that broke down mid-December.  With the short term retrace now looking to have broken down, with a shooting star marking the top on Monday, given US markets are at resistance zones after a strong rally, there is strong R/R for a short here. 

Target at the 2012 low. Back to neutral if price moves above the top of the shooting star at 5.74.

![](https://cdn.steemitimages.com/DQmQ1tNRnLVCx1djvKhM62tjDJrwTdnQE29aGGvVoCnPjok/image.png)
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