Reallifetrading
Short

FSLR pre market - post earnings analysis

NASDAQ:FSLR   FIRST SOLAR INC
According to http://www.investors.com/news/after-hours-facebook-pops-on-accelerating-growth-first-solar-aflame/?ven=YahooCP&src=AURLLED&ven=yahoo

"First Solar

First Solar             said Q1 EPS             swung to a profit from a 61-cent loss last year and handily topping views for 90 cents. But revenue fell 10% to $848 million, well below expectations for $958 million.

The solar panel maker raised the lower bound of its 2016 bottom-line guidance, and now sees EPS             of $4.10 to $4.50. The $4.30 midpoint is in line with estimates.

CEO             James Hughes is stepping down effective June 30, and will be replaced by CFO Mark Widmar. Hughes will serve as an advisor and remain on the board of directors."

Now the real stuff. I have a "gentlemans wager" with Tim H who mention $FSLR would hit $80 before $50

Here was some of my analysis on FSLR             after the sell off from $72 resistance. https://reallifetrading.com/articles/real-life-trading-spring-portfolio-2016-first-edition
Anyway, IF FSLR             opens in the red zone... looking to be slightly bearish for the day trade AND the swing level. Looking to buy in the $50 ish             area..
Thanks for helping us Enrich Lives!
now that sounds fun , 50 or 80 first , will try to get back to this
+1 Reply
G13Man G13Man
snapshot

log chart yellow lines , the trend is already above 50 ,
snapshot

linear chart , blue lines , the up trend still shows time to go down to 50 , and to hit 80 , better be quick for the 80
the wicks
hit resistance @ 74.17 and have not broken it
wicks below have no major area of support and are random
, but oil prices determine if solar needed or not
my fun prediction is 50 more possible then 80
Reply
G13Man G13Man
oops now add the 200 ma and you see the body above it
snapshot

probable why i have not played this for awhile ,
sometimes the best trade is no trade
Reply
Thanks man. I agree. We will see. Solid charts. Both of yours suggest we have SLIGHT downslide left. I might not hit 50 exactly, but I made the wager many points ago, and I'm sure this will get me close enough... ; ) JN
Reply
G13Man Reallifetrading
your welcome and thanks , practice is always good and i have been away for 2 months
looking for a trade = ideas from all and doing my own do diligence ,
you should have bet on your first target ;-)
Reply
congrat s on 1st target
Reply
Thank you sir! This one is moving well!
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Safe to say, this one worked.. : )
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