Please look at daily charts if interested in any of the stock symbols noted. Good luck in trading. Price action trading is #1 and money money management.
I believe 2017 is gonna be the year for this stock. Solar panels are gonna be a boom. The renewable energy is growing exponentially and many countries parlaments are pressuring government to invest in this kind of energies(example Argentina). And not only countries, but companies are demanding solar panels aswell(TESLA example) To me its pretty clear that the...
FSLR currently at a long term resistance. Looking for this company to become a leader on a breakout, but SPY still has to cooperate to really let these bulls get going. Volume confirmation would also be nice.
Bullish looking weekly chart with a bunch of cups and the 73-75 resistance level tested several times.
Looking for a break of that level soon and follow through to 95-100 target level.
Once breaksout, stop below 72.
This could be a multi-week or multi-month swing play.
Weekly moving averages in bullish configuration as well.
Dear reader,
Do not trust me. I am a beginner in terms of performance and veteran in terms of experience. The market does not care about the latter remember that always.
This is my analysis for FSLR a stock I have traded successfully and unsuccessfully in the past.
Where are we standing?
Longer timeframe:
- Inside a wide multi-week box starting early...
Dear reader,
Do not trust me. I am a beginner in terms of performance and veteran in terms of experience. The market does not care about the latter remember that always.
This is my analysis for FSLR a stock I have traded successfully and unsuccessfully in the past.
Where are we standing?
Longer timeframe:
- Inside a wide multi-week box starting early...
Bearish Bat with bearish divergence. For some reason I always get burned on FSLR... but I think it will a success this time!
Measurements
- .886XA
- 2.24BC
- 1.27AB=CD
Short going once, going twice and let's sell...
Here we have it, as you can see my previous call on this didn't go in my favour at all in fact it went to the upside taking out current highs. This time it's sell time. I believe that we may be in for a real treat and prices may decline at 72.00 or go to the upside and reverse near the 76.00 Region taking out lows...
AB=CD & Bearish Crab with bearish divergence. Both patterns converge within the same potential reversal zone and momentum is starting to shift to the downside.
As of now FSLR is right above support zone. I would stay away from it for short term. I think Trump's tariff on Solar Panel imports doesn't help it. Before Trump imposed tariffs on Solar Panel imports...imports have surged and there is an estimated 6 month supply in storage. So...I don't see a big business for another 6 months.
Also...a few groups in Solar...
A Short On First Solar Inc?
I'm awaiting several things which may ultimately give me the green light.
If prices breakthrough the 62.00 Level you can expect prices to possibly break the trend line.
However
I'm waiting for a breakthrough the trend line which could then potentially wipe out prior lower lows.
I would get in when prices are approaching the trend...
