FSLR has the best relative strength out of the big solar names such as SPWR, JKS, CSIQ, RUN, ENPH, & the solar ETF TAN. While these other names were in a downtrend, FSLR held up quite nicely and has a ton of time at price in the range 92-96. It appears it was set to breakout mid September but the recent market correction caused a temporary pullback to its accumulation down.
This structure is similar to ROKU's back in September 2020 when it tested all time highs after building a long base in the 150 range. Once it broke it out, the market had a correction which caused ROKU to go back down to it's base before breaking out for real when the market let off the pressure.
This structure is similar to ROKU's back in September 2020 when it tested all time highs after building a long base in the 150 range. Once it broke it out, the market had a correction which caused ROKU to go back down to it's base before breaking out for real when the market let off the pressure.
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All looking good so far.
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Holding through earnings.
Comment:
Sold 80% of my position today, I may hold the rest through earnings depending on trading days leading up to it.