Shares of Terraform Power Inc. (TERP) have made a bullish reversal in 2016. The daily chart below shows price flatten at the end of 2015 beginning of 2016. Then, after forming a descending triangle, price broke higher in late June-early July. As price extends higher and broke 14.00, TERP is at new highs on the year, and has broken a key support/resistance pivot area. TERP Daily Chart 9/27(click to enlarge)Bullish breakout and pullback:- The break above 14.00 into new highs on the year signals or rather confirms the bullish reversal scenario.- Price is retreating at the moment, but we might see support around 13.00, as price meets the rising trendline seen in the daily chart.- Otherwise, a stronger pullback could retreat back to the 11 area. - I think as long as price holds above 11.00, TERP has upside towards 20.00 in the medium-term, perhaps in 2017.