What happened to the three US-listed renewable energy stocks?

At Number One Comes Sunpower Corp. That Has Risen Almost 4 Fold From Its Low Of Usd 14.66 In October 2020, To A New All-time High Of Usd 57.51 Levels On 29 January 2021. Its Stock Prices Have Been Under Pressure Post Hitting An All-time High. 

It Makes Imperative To Note That It Made A Recent Low Of Usd 27.38 Level On March 05, 2021, And After This Massive Sell-off, Now The Stock Is Consolidating At A Lower Level On The Weekly Chart.

The Stock Has Taken The Support Of Its 61.8% Fibonacci Retracement Level At Usd 27.38 Of The Previous Rally From Usd 9.54 To Usd 57.51. Currently, The Price Is Hovering Near Its Rising Trendline Support Zone, And If The Stock Price Sustains Above The Major Support Level Of Usd 27.38 Then Bulls Might Dominate The Trade And Might Remain Active Till The Next Resistance Level Of Usd 54.22. Besides, The Stock Price Is Trading Above Its 21 Period Sma, Which Is Acting As A Crucial Support Zone Near An Upward Sloping Trendline. 

 


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