jon.lee.317

FSLR ... rdy for a pullback?

NASDAQ:FSLR   FIRST SOLAR INC
123 4 0
The stock is in a uptrend so shorting this will be a high risk trade.

However, we see that in the last 5 days, the volume has been decreasing and the candles have been shrinking in size.

This is a possible hint that buy interest @ higher prices is weakening.

Also note that today we have a nice bearish engulfed pattern. Any bulls that bought yesterday are now in pain. this could possibly help drive the price down.

Therefore, I am thinking this could be a possible intraday short tomorrow. Some good targets would be $70 and of course $68.
Now that it pulled back and showed support at the 8EMA. Looking for a nice LONG position tomorrow!
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gatorNic jon.lee.317
if you're going long now, what's your target?
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pretty spot on so far
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jon.lee.317 gatorNic
I actually forgot to play it. oh man it got bombed today it looks.
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