First Solar Inc., ( NASDAQ:FSLR ) has emerged from the shadows of adversity, swinging to a profit in the fourth quarter and unveiling bullish projections for sales in 2024 amidst surging demand for renewable energy solutions.
The Tempe, Arizona-based solar pioneer reported a net profit of $349 million, or $3.25 per share, for the quarter ending December 31st,...
Straight to the point, looks like FSLR is forming a Bearish RSI divergence (where price is making higher highs, and RSI indicator is making lower highs). Additionally, RSI is also at 71.45 which is somewhat high (overbought).
Unless we break the marked white support trend line on the chart, the price should start making a downward movement to the support areas...
Long-term First Solar Inc. - the time of 'solar action'
First Solar, Inc. is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components...
First solar is a short below the low at 28.90 USD. Huge volumes have been detected on March 17. Bollinger bands are widening out, giving a good signal for a short entry. However, before triggering a short, it is suggested to wait for a break below 29 USD.
