--Breakout from flag with W pattern for support/base --Indicate entry signal --Price reclaim the 21 ema --Risk: FED meeting next week, stocks will react (expecting .75% rate hike, just hope less hawkish), Earning report in 12 days --GDP data was up. Good for stocks (Dow was up). Big TECH earning drag down the QQQ and SSPY --Green energy stocks: ENPH: ER good the stock fly, FSLR: ER bad stock sink after hour. There is a uncertainty how this stock will be react tomorrow at the open --This stock can be risky play, but could be highly reward
Comment
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FSLR: was down 8% right after ER. Pre-market only down 1.25%.
Order cancelled
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Cancelled for even trade. Stock drop hard on FED meeting reaching entry point. Risk still on, since ER in 5 days. To risky to hold or buy before ER in a bear market. anything can happen. Never assume a trade, always trade with an edge.