First Solar, Inc.
Long
Updated

FSLR: Aggressive long...long term implications

1 260
I like FSLR here, I've been buying gradually for the last few days, but looking to also take a shorter term position here. It might be a good spot to buy long term OTM calls, but you can also go long with a tight stop if today we see a new daily high. If you are not positioned and looking for exposure to solar, then a 1-10% long term position built gradually during a few days up to a month would be ideal for you. Long term, the chart implies we could go to $400 without much problems.

A reminder of why solar is so bullish here: greentechmedia.com/articles/read/new-tax-bill-offers-unexpected-benefits-to-commercial-solar-installations

Best of luck,

Ivan Labrie.
Note
#FSLR appears to have bottomed, should be safe to hodl snapshot
Note
#FSLR could base here until earnings, but if it breaks up next week it has upside to 57.74 rather quickly snapshot

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