Wednesday, March 30, 2016

SUNE SunEdison Weekly Chart from Boom to Bust in 8 Months

The sun no long shines for solar power company SunEdison. Instead, SUNE is pummeled with dark clouds and rain. Television pundits and Wall Street analysts praised SUNE during 2014 and 2015 telling investors to buy with both hands. They do not mention the stock anymore and Ma and Pa Kettle are now eating franks and beans each evening since they lost all of their money.

SUNE crashes from 33 to 0.57, a -98.3% loss, an epic failure, and likely belly-up heading into bankruptcy. Note that if you were watching the chart you knew last summer that a major pull back was coming due to the rising wedge, oversold conditions and negative divergence (red lines). The rest is history. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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