Above is a daily chart of SUUN, and what grabs my attention is the massive volume over the past several days. This surge comes after PowerBank Corporation (NASDAQ:SUUN) received its initial $4 million payment for the previously announced Elmira, Jordan Road 1, and Jordan Road 2 projects. The company expects the remaining portion of the $41 million transaction to be paid as construction milestones are met. This milestone-based payment schedule follows standard solar EPC industry practices, aligning revenue recognition with project progress and mitigating risk.
From a trading perspective, the volume spike indicates strong interest and participation in the stock, which is always something I look for when evaluating potential entries. The price action shows SUUN forming an inside day following Tuesday’s big rally, which is a classic consolidation pattern. Inside days often signal that the market is digesting the prior move before deciding on the next directional push.
The key level I’m watching is $2.18, which was Tuesday’s high. A break above this level could offer a potential long opportunity, as it would indicate that buyers are ready to push the stock higher after consolidating. With the combination of strong volume, positive fundamentals, and a clear technical pattern, SUUN is a stock I’m keeping on my radar. For traders who focus on breakout setups and continuation patterns, this chart is definitely worth watching closely over the next few sessions.
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