The stock is in a uptrend so shorting this will be a high risk trade. However, we see that in the last 5 days, the volume has been decreasing and the candles have been shrinking in size. This is a possible hint that buy interest @ higher prices is weakening. Also note that today we have a nice bearish engulfed pattern. Any bulls that bought yesterday are now...
Support at 48 must hold and previous support at 50 must be regained to bring price back to leg start retest around 54.
.236 speed line support, Bottom of long-term pitchfork, and double bottom off of .5 retracement. Don't really like the company but really like the chart. Also some divergence in RSI and second attempt of bullish MACD crossover.
From the last trading sessions, I was looking if the price would go to 58.15 as invalidation level to be extremely short this stock. But then the price has been traded inside of downtrend channel which kept me from buying this. I still think this looks constructive to the upside but it hasn't offered opportunity to go long just yet. Instead if the price doesn't...
I'm gonna look to buy since there's no strong selling on the decline. It's moving on its channel so I'm gonna look to buy I'm gonna switch my bias when I see big selling volume decline and price is breaking 48.65 in impulsive manner and out of the channel
Price Entry: $55.68 Stop-loss: $52.91 Price Target: 60.20 This week might be a deciding factor on the future of FSLR. This stock is currently just over the S1 Pivot Point and the 54% fib line. From December 5 to December 12 the stock tanked 12% on lowering volume. This shows that everyday there was less selling pressure which gives us a bullish sign. After these...
Should be hitting support at 56.40, the closing high in June, and the 50SMA getting close. Decreasing volume on sideways price action, which is bullish after such a big run-up. Also got the NASDAQ hitting its support trendline Thursday and a good day Friday. Possible uptrend next week with a new high. Fibonacci retracement isn't giving good areas of support. ...
Looks bullish as it has been trending higher w/ solars.....if it breaks 65 level then it could go to the tgt.#1=90 level
FSLR looks coiled up and ready to spring up into the $80-$100 range soon. It has already broke out above the Cup and Handle pattern, as well as the Head and Shoulders pattern created by the weekly closing values and just retested that line.