keifer

SPI Hidden Bullish Divergence

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NASDAQ:SPI   SPI Energy Co., Ltd.
Hello,

What is SPI?
SPI Energy Co., Ltd. provides photovoltaic solutions for business, residential, government, and utility customers and investors. It offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. The company also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers. As of April 30, 2019, it owned and operated 15.706 megawatts of solar projects. The company operates in Greece, the United States, Italy, Japan, the United Kingdom, Australia, and Germany. SPI Energy Co., Ltd. is headquartered in Shatin, Hong Kong.

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My Thoughts For You
The RSI just bounced up a few weeks ago from oversold conditions and has also given us a bullish hidden divergence. We should see some upward action that will spike up quite high as it has done so in the past.


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