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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.