Scuba25
Long

FSLR Bullish Bias - Descending wedge into broken resistance

NASDAQ:FSLR   FIRST SOLAR INC
FSLR looking bullish here. Larger price action on the weekly seems to be in an ascending triangle . Price right now has broken resistance beautifully and is retracing in the form of a descending wedge for a retest. If support holds expect a nice reaction up to our targets. Can buy on retrace, ladder in from now or wait for confirmation. Manage your risk and use an appropriate stop.

Target 1 = 67

Target 2 = 74

Happy Trading
Jun 06
Trade active: Didn't quite hit the optimum buy zone but still moving up nicely
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