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.
Ok so... long story short, Ivan, thank you. I really want everybody to know that, thanks to you I´ve bought calls on FSLR and made today almost 300%. That was a beast, monster hunch. The force is strong in you master! :) Love from Portugal
IvanLabrie
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@kashimura, great, you can bank those and buy back on dips shortly after, once you get that high five/pat in the back impulse. (if trading short term)
kashimura
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@IvanLabrie, ohh thats a great ideia!!! You continue to look at itnext week?
Thank you again Master Jedi :) if you ever come to portugal i'll buy you a beer or 2 or 5 ;)
IvanLabrie
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@kashimura, look at this image, it explains the concept:
Refer to my extended explanation at the 'Key Hidden Levels' chatroom for a bit more color and details. Talked about it today.
tradingview.com/chat/
rigoazul10
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Nice work Ivan ...!!! Maybe it could be good to c the monthly chart that it point to 59.70 area if rebound ...!! Regards
IvanLabrie
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@rigoazul10, thanks, it looks like it's bottoming here, I hold since it's a long term entry, need to give it some margin of error.
Spofas
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What do you think about current valuation?
IvanLabrie
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@Spofas, it broke below long term support, this is a very risky chart to trade. I'd leave it alone.
kashimura
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Go ivan!!!! Love your work man! Thank you for your kind free updates <333 :D
Spofas
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Is this the only solar related stock you're watching?