NASDAQ:FSLR has tanked lately do to China cutting incentives for solar energy in the rest of 2018. The market has reacted to the news and now the stock is very oversold. My outlook is for the stock to climb back up because of the strong volume shown in the last trading day.
Share your opinion, comments and questions. Good Luck!
I will keep updating this post.
NASDAQ:SCTY is running its resistance line at 27.36. While it does seem to be also following its channel. With both trends in mind I would say SCTY may fall tomorrow, but still follow its resistance line until August 1st. It may start to increase slightly and then fall.
NASDAQ: SCTY may rise to around 27.40 by the end of trade on July 20th, before resistance takes over and starts to fall by July 21st. Or it may rise to a higher resistance level around 29.40. But the trend looks in favor of resistance at 27.40 where 29.40 was last reached back in April 12th 2016. Check it out.