BATS:FSLR   FIRST SOLAR INC
139 1 0
Should be hitting support at 56.40, the closing high in June, and the 50SMA getting close. Decreasing volume on sideways price action, which is bullish after such a big run-up. Also got the NASDAQ hitting its support trendline Thursday and a good day Friday. Possible uptrend next week with a new high. Fibonacci retracement isn't giving good areas of support. Looking to buy when the price breaks 56.4 and finds support on an intraday chart. Ignore Fibonacci retracement.
I4
2 years ago
the price broke both my support levels but a possible reversal may take place 12/12 as its starting to look oversold. If it doesnt hit support or rebound tomorrow, there will be a new support line on closing of 7/15, which is very close to the .5 on the Fibonacci retracement as well.
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