Price is at the top trendline. Long entry is a break of the trendline with an uptrend.
Symmetrical triangles are neutral until a trendline is broken and a trend is confirmed in that direction. The top trendline is resistance and the bottom is support. Retests of top trendline are common. Once price is above this trendline it can become support. Throwbacks can also occur.
If price proceeds upward in an uptrend, then possible stop below top trendline where you see support. There is a pocket pivot (green triangle) at 154ish.
There is also an ABC bullish pattern inside of the triangle.
Right now there is a bullish engulfing candle.
No recommendation
Symmetrical triangles are neutral until a trendline is broken and a trend is confirmed in that direction. The top trendline is resistance and the bottom is support. Retests of top trendline are common. Once price is above this trendline it can become support. Throwbacks can also occur.
If price proceeds upward in an uptrend, then possible stop below top trendline where you see support. There is a pocket pivot (green triangle) at 154ish.
There is also an ABC bullish pattern inside of the triangle.
Right now there is a bullish engulfing candle.
No recommendation
Comment:
FSLR is in a cup pattern with long entry at 112.50. I can not confirm actual earnings date due to conflicts between sites but it is soon. Handle low is 90.18 and targets are 129.5 140 146.7. It looks as if FSLR has a history of misses, with some beats.
