Against the background of a strong decline in stock indices, prices may decline to the area of long-term support level 28. A breakdown of the long-term resistance level 81.50 could lead to a sharp rise in prices to area 133. Especially if the company receives additional subsidies from the state or private investors.
We are no doubt in a bubble when a company like NKLA with no income is worth $20B which is basically the same market cap as Ford. The electric vehicle pumptardedness reminds me of the solar craze a (long) while back. Look at FSLR, it went completely pumptarded then lost 97% before recovering. It took 4 years though, so if you're shorting TSLA, you better be...
Who's got the the $65 August 21 Calls with me? And who thinks we'll be in the money in the morning?
I like the solar sector here. I own RUN. I think VSLR will breakout higher from this flat top resistance. Volume has been good and price is aligned above the supporting moving averages.
The future belongs to stocks related to the climate theme.. here is one them: First Solar. It is involved in designing, manufacturing, marketing, and distribution of photovoltaic solar power systems and solar modules. Joining bulls around 52.9 price level with 49.1 S/L and 65.3 T/P level provides decent R:R (3.26). // Feel free to share your opinion/position...
Big future awaits solar energy, so everyone understands this and therefore investors won't give up on this stock. Long-term growth perspective is huge. Thus, you can buy the stock now at it's lows and hold it untill the good times.Don't track it everyday, save your nerves. FSLR may at least double it's current price. But you can take advantage of the future...
Scanning for gems First Solar Puts , ride this POS DOWN to 39$ from 52$ ..bearish head and shoulders pattern in weekly chart , RSI not oversold yet 39, supertrend indicator says short “never used it before though” lol 442 price to earnings ! sales and earnings past 5 years both down ... volume 4.5x bigger then usual with tons of selling January 50$ Puts...
Wait for entry around 58-60, but longing on spot right now isn't a terrible entry either target will be $100
If FSLR can break the resistance formed from the peaks, the stock will likely be bullish for some time (besides a minor pull-back after breaking resistance).
Looks like a large inverse H&S forming. Long position opened. Fundamentals also strong right now. Buy order placed at current levels. Target $120, about 60% if it works out. Need to see if the pattern plays out first obviously. Tight SL in place. Good Luck.
After breaking above the trend line and a retest VSLR had a nice move higher. It now pulled back again and is starting another move higher. Looks good
Steady uptrend seems to be holding that daily level
Solar is not baseload energy, however, it is now the cheapest form of electricity.
FSLR will only pop if USD starts pulling back...