While FSLR is rallying into resistance, Solar City is diving right in the middle support. If your looking to go long in solar, this is the right place.
Comments
littleriver
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LEONES
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yes if it doesn't trade below march 27 low I agree it is a buy
littleriver
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True ; It needs some positive candles/candle to confirm a move up and lower from where it is now is not out of the picture. I looked hard on the 30 minute time frame for a positive divergence that did not work and could not find one.
littleriver
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This Divergence is still in play as log as the low on the fisher set on 3/24 is not matched. I will be looking for positive candles this week to confirm another move above the mid point on the fisher. If we get it, the overall pattern is shaping up to be a possible IHS. SCTY likes to reverse with this pattern.
littleriver
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littleriver
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Recent price action and the divergence happening now.
littleriver
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Sharing this observation. Divergence on fisher 34 has been investors friend on SCTY in the past . Lets see if it will be again.
littleriver
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Here is another look with a different twist.
LEONES
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in interesting but it seems that we are below the trend-line
littleriver
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yes we are in log scale ; so this may just play back to the trend line, where I suspect it will fail