SUNN moves on merger news but faces technical downside risk from a head and shoulders pattern; avoid chasing unless it holds above VWAP.

Now 13. Let's continue. The next one on the list here is going to be soon. This is ticker su ne. This is sunnation energy. Stock popped in the after hours. Po actually took a second leg higher in the after hours and then tried again here today.

Could not uh go higher than this. Looks like the stock's doing well, holding up here 28%. Now, I noticed that there were a bunch of forums in here. Pending merger partners, Sunvia, it completed the $835 million capital raise.

So, it looks like this is moving on a merger here. Short percent of float 4% here. Days to cover 1.16 float on this stock 6.5 million 13. We've traded soon a bunch before I actually think.

Shout out to Crow who used to join us. He banked off this pretty good. What do you think here of this chart?

>> Um I'm so I wish I knew a little bit more about this because I I think there this is somewhat related to um Hawaii uh Hawaii Energy Connection. Uh yeah, so they they do have a segment in Hawaii and in in New York.

Um anyway, I I I don't have a lot on on the underlying, you know, what's going on with this company. They're in electrical equipment, but just looking at the chart, you would think that this is, you know, a head and shoulders pattern that uh could fall here.

I'd say if we can't meaningfully get back above the VWAP and hold above that as we go into the open, I think that's certainly uh could happen here.

Um God, I wish I had more for you on this one. float 6 and a half million uh short interest is not really know worth pointing out. Um yeah, sorry I don't have more on this one, but uh I think you may have uh covered more about it than I did.

>> That's all right. One of the things that I see right off the chart here, possible trend line if this thing really gets rolling that is up around 382. We're only at three here, so I think that's totally possible.

If we go back to the daily chart, this is here. Oh, you know what? That was actually that was actually not so terrible. Here you go. The LA Every time that this stock pops and has a huge move, it comes back in very, very quick.

Um, so again, this is one of those where if you're going to trade this today, just make sure you have everything in order before the close. Uh, you might be awfully disappointed.

And also, don't chase this. Uh, don't chase this.

>> And and uh, you know, it was I mean, let's look at their cash position. um you know, three three million in cash. They they you know, they're not profitable. They do have revenue, but they're not profitable.

Uh they I think they've done a number of uh um secondary offerings or there's a couple that they've done, but that was a long time ago. How about reverse splits? Just one a one for 200 uh last year.

This is kind of wondering why we had to zoom in so closer to their um their price action recently. Yeah,

>> I thought there was uh more they had done more than than what it's shown, but yeah, I don't really have a whole lot uh more to add on this. Their last earnings report didn't look particularly great.

Um we'll see if I I I think that's where I would just kind of leave it at. Let's just see if this can meaningfully hold above the the VW as we go into the open. If it does, then the upside targets I would think uh that would provide some resistance.

Maybe 315 uh every 15 cents looks like there's another resistance area. So 315 330. If we get through that 338 high, 345 might be the next resistance.