FSLR is down 40% since mid-September. Expecting a short-term rally in January; recently broke out of a downward wedge and RSI shows a bullish divergence since mid-October. Has traded within a $45.5-$43.5 range for the last two weeks. Attractive risk/reward entry point, with shares trading at ~$44. Note how effective the RSI trend line (blue) has been as an entry...
Fslr on a very long downtrend, falling wedge, near term target about 49 after which it could again see a decline to 46.
If it breaks 50 with some volume we could see a reversal in place. For now it's just wait n watch for fslr.
Just an idea. There's support here, but the volume on Friday was big and those big bars are usually not a one day event. Think 47 ish before b/t of t/l
Recent sell off from Sept high had a brief rest, and will soon continue. Anyone who reads today's earning transcript will add short from here. No support before $50 and probably will not hold but 3rd downside leg could resume from there with target price at 47.04 before the end of the year. If you want a real time alert try us www.2waytrading.com
4-days ago, we commented this classic double top bearish with precise projected price target and it hit, and bounced as expected per the note. Now, there is no good reason to go long til price penetrates upper neckline with a solid volume that seems unlikely in the near future, should stay at this level to lower prices. Next good area for a possible bounce will be...
It has a measured price target at 50-49 area. If you decide to take a bearish bet make your stop loss at recent swing high with target price 49 area. If you need a real time alerts try us www.2waytrading.com
In the last few weeks we have seen the markets roll over. It has taken down many stocks and many sectors and First Solar, Inc. (NASDAQ:FSLR) is no exception. The stock is down almost 20% from its high pivot on September 12 of $73.78. The stock of First Solar, Inc. (NASDAQ:FSLR) is starting to get into good levels of support, and now is the time when traders need...
in case that FSLR will see new low or some morning weakness I will look for short because monthly bear flag odds support that possibility. If you want free service access please take a look at site xpertstocktrader.com and just join us. There are much more live ideas per day
Hitting upper level of the channel, previous level of resistance just above it. Could go down and follow the path to the lower line of the channel else a breakout to 74-76 range.
Looking at these two charts, it's hard to dispute that there's a relationship between the micro-trends of $FSLR and $SCTY. They're in the same sector, so similar macro-trends are visible; within that sector, they are competitors in several ways so if one goes up it makes sense that the other would go down on a micro level.
The yellow lines are the most recently...
We are expecting their earnings in the coming days. Here are my trading zones. You can switch to a longer time chart i did some drawings in the All time and 5y
Hope it helps you ;)
