FSLR Long Thesis
Updated
If it breaks below the trend line I will stop out. Once this breaks through the red horizontal line this should get moving pretty quickly. Opened pretty low today and had good price action but it did kindy spurt out near the end of trading. Fibs look really good on this chart as well.
Note
Consolidating out of an IHS. Looking for it to break through .5 Fib and will look to exit around .786 Fib. It will likely reject there but if it doesn't can always roll out and up to reduce risk.Note
Rejected the .618 and is heading lower to test the uptrend. I exited my calls just before it hit .618. I'm pretty sure there was a downgrade right at that level. Which caused it to head lower and overall market weakeness.
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