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...
Price approaches decision zone: break to the upside, or getting a bull trap.
Possible bull flag. Watching to see if it breaks out of flag. If so, it could see 82.80.
Love this stock. 6 RR ratio! FSLR has formed an ugly rectangle bottom with a potential parabolic breakout (notice the curve at the end of the rectangle. Volume looks good for continue breakout. Also, scroll down the time frames. Notice the stair step pattern. These are classic signs there is a buy accumulating large stock lots at one time. The broader market has...
Breaking into multi years high here with vengeance. Major move last few months so momentum is with it.
Watching to see if it breaks the upper resistance or bounces and falls back to support at 61.00.
Set stop too close on previous FSLR Long. After stop being picked off FSLR surged. Bought back in on surge. As price continue to trend up continuing to increase postion size - stop set deeper at $58. Will move up stop each time price breaks out to new levels - will continue to set stop just below bottom of range from previous consolidation (before breakout).
First off it is in a clear long term up trend. Secondly, it has been consolidating for weeks now, and FSLR has shown a patter of consolidation and then a break out. Place a close stop at 58 if the consolidation breaks down. But projecting an eventual pop towards the 75 range. Great reward to risk ratio.
Watch for FSLR to pull back from spike, if meets resistance around $51 and then an up trend re-emerges, go long. Set stop around $46 where underlying support.
I love the sideways action can break upward above purple line. my risk set all the way down there. in red...
Elliott Wave, Supply and Demand, Parallel Channel, Cup and Handle.