Tom_Killick
Long

FSLR: Nice Area To Find Long Position Off Of Key Levels

NASDAQ:FSLR   FIRST SOLAR INC
314 6 13
Traders

Nice long off of a lovely level. We have what looks like a development of a three driver pattern or something to that description. There has been clear impulse long buying from an early time and continuation off major support level is expected. This level right now is confluence support and major moving average support. Looks good.

Best of luck
Tom
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ChimbOt PRO
a year ago
We need higher oil prices . solar sector has been destroyed. but good chart buy stop would be placed at top of range
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ChimbOt PRO
a year ago
actually very impressed on how well this security held up. SUNE SCTY got wrecked
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Tom_Killick
a year ago
I think to rely on Oil prices for this trade wouldn't be taking every factor into consideration... Although I agree it would be favourable, not essential in my opinion for this. I think if you get a chart up with Oil overlay, you will see massive moves that are completely uncorrelated, and I would rather push this aside and use underlying factors in another way.

I think FSLR is an innovative and growing company. They can look to capitalise on overall growth in the renewable energy market. They have a decent future of cash flow to the company as well due to the yieldCo they have with Sun power corp too. This should provide investors with some optimism.

Solar energy has had a junk year, SCTY is the worst by far (It seems no one cares that Elon Musk was behind them). Solar city are focussed on installing solar panels to homes and small business on roof tops. This type of "Solar norm" is just not ready to exist yet... I think this is very old, and the stock price relies heavily on the PERCEPTION of solar power. FSLR doesn't have this problem.

But FSLR has a different business model.. FSLR aim to sell bulk and massive supply of solar panels. They build power plants to supply energy to the grid which provides huge strength to this stock. FSLR deals with wholesale companies too, creating bulk continuation, likely to allow FSLR to be hit less hard than other performing solar stocks... It' almost as though FSLR are trying to move into the bulk energy industry under a white blanket, into the already existing energy infrastructure, which is a great move for investors of FSLR.

FSLR is probably the favourite solar stock for me. And compared to SCTY. I actually see them as completely different stocks. If youy want a solar stock with less volatility. Go with FSLR.

Tom
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ChimbOt PRO Tom_Killick
a year ago
well put and im a fan of your English , where did you study?
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peterchung16 ChimbOt
a year ago
Chimbot, I think Tom is a british gentlement sort of like the movie Kingsman secret service. :D Don't mess with the Gentleman.
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peterchung16
a year ago
Thanks Tom. I liked all your ideas.
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