$FSLR: resuming the big picture trend?
Updated
First Solar has a nice trend in yearly scale, and lately had embarked in a series of powerful rallies in daily, weekly and monthly scale, since the Inflation Reduction Act vastly improved the outlook for the company.
I'm inclined to go long on any trend continuation signal, but also being mindful of potential corrections that might trigger in the short term (although they will likely be short lived given fundamentals).
I present to you both possible trades that can trigger here, if they trigger tomorrow, odds are higher of working. Else we will need to update entry prices on a day to day basis until triggered this week or next.
Best of luck,
Ivan Labrie.
I'm inclined to go long on any trend continuation signal, but also being mindful of potential corrections that might trigger in the short term (although they will likely be short lived given fundamentals).
I present to you both possible trades that can trigger here, if they trigger tomorrow, odds are higher of working. Else we will need to update entry prices on a day to day basis until triggered this week or next.
Best of luck,
Ivan Labrie.
Comment
Looking like the short side could trigger at this rate, nothing yet...Comment
This will trigger the short next...look down below.
Comment
*look out belowTrade active
Short filled!
Comment
At this rate target will be hit this week, hold, maybe move stop to entry.
Comment
Stopped at entry, then bullish side triggered, now target was hit roughly.
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