buff22

FSLR BREAKING DOWN ON WEEKLY; GREAT SHORT R/R

Short
NASDAQ:FSLR   First Solar, Inc
FSLR has been behaving very well within technical levels on the weekly, and has been trading in a range for a few years. A strong weekly trendline has just broken, and if it can make NEW LOWS on the daily, it will head to 45.43, next area of support where it will probably bounce. a decent stop would be above the dotted trendline above.

I could see it crashing through 40 .52, which is huge weekly support, testing from below, then heading to 33 area in a few months. This will take a long time to play out.

let me know your thoughts.