SPWR and the cycle

The first attempt to capitalize on a new trend is the counter-trend trade.  After the counter-trend, there is the XTL breakout.  After the XTL breakout, you wait for stochastic pullback trades within the established trend.  This cycle is playing out in SunPower Corp.(SPWR).  I took the XTL breakout trade and it is working well.  You can see on the chart that a false bar appears above the stochastic.  If you are not long this stock, the best thing to do now is to wait for a false bar stochastic trade.