First Solar MACRO Idea
Here we are looking at FSLR on the 1 Month TF…
While I don’t normally post ideas from this zoomed out on the chart, I thought I would briefly share this fun idea that I came across.
As you can see, we are analyzing where FSLR is currently, in reference to it chart history dating back to major support breakdown in 2011.
What I found interesting, is that if you stretch that previous support all the to the present date (on its trajectory), you can see that (so far) FSLR has been rejected from this previous support line.
Of course, this isn’t enough to base a trade off of, but it is very interesting that previous support from 2011 is now acting as resistance. Additionally, there is still half a month left on this candle, so there’s still plenty of time for it to break through that line and invalidate it.
Nonetheless, I thought it was interesting, and that some of you may find it interesting as well!
Let me know what you think in the comments!
Cheers!!
FSLR
FSLR Ready to Break Support?Here we are looking at FSLR on the Daily TF…
As you can see, FSLR has been trading within an ascending parallel channel, with clear upwards sloping support and resistance. It has been trading within this rising channel since October of 2022, but I am expecting a breakdown from this structure in the coming days.
Ascending channels (as such) are bearish in their nature, thus, I expect for this channel to break to the downside soon. Additionally, the more something tests a zone (support OR resistance), the more likely it becomes for it to eventually break that zone.
As you can see, FSLR has tested support 4 times now, and is currently attempting to break down again. If it can’t hold this support, I find it likely that a move to the horizontal line will occur.
I will continue to monitor this chart, and update you if there are any significant developments.
What do you think will happen for FSLR? Let me know in the comments!
Cheers!
$FSLR: resuming the big picture trend?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.
FSLR (First Solar Inc.) Technical Analysis - Short Idea Straight to the point, looks like FSLR is forming a Bearish RSI divergence (where price is making higher highs, and RSI indicator is making lower highs). Additionally, RSI is also at 71.45 which is somewhat high (overbought).
Unless we break the marked white support trend line on the chart, the price should start making a downward movement to the support areas (143.50, 118.82).
Trade Ideas:
FSLR - Long $170 Put 12/02 - $5.15
FSLR - Long $140 Put 12/16 - $0.97
I've given two options. (In The Money or Out The Money) based on your risk level.
This is not a financial advise. Please do your research before making the trade. Trade only if you agree with the idea.
Good Luck!
FIRST SOLAR INC.Thursday, 20 October 2022
21:15 PM (WIB)
Leading the World’s Sustainable Energy Future
Founded in 1999, First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. The company is unique among the world’s ten largest solar manufacturers for being the only US-headquartered company and not manufacturing in China. First Solar’s advanced thin-film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon (c-Si) PV panels.
Manufacturing Leadership
First Solar has the Western Hemisphere's largest solar manufacturing footprint in Ohio, USA, with a third factory set to come online in the state in the first half of 2023 and a new factory, the company's fourth American manufacturing facility, expected to be commissioned in the US Southeast in 2025. The company will have a global annual manufacturing capacity of over 20 gigawatts (GW) by 2025, with a footprint that spans the US, India, Malaysia, and Vietnam. First Solar thin-film PV modules are produced using a fully integrated, continuous process under one roof that does not rely on Chinese crystalline silicon (c-Si) supply chains. Its proprietary, vertically integrated process transforms sheets of glass into fully functioning solar panels in approximately four hours with a combination of highly skilled workers, Industry 4.0 architecture, machine-to-machine communication, artificial intelligence, and Internet of Things connectivity.
Technology Advantage
Designed and developed at its research and development center in California and Ohio, First Solar’s advanced thin-film PV modules set industry benchmarks for quality, durability, reliability, design, and sustainability. Each module features a layer of Cadmium Telluride (CadTel) semiconductor, derived from by-products of copper and zinc mining, which boasts a number of qualities over conventional c-Si, including lower cost, superior scalability, and a higher theoretical efficiency limit.
First Solar’s thin-film PV technology produces energy-efficient modules with a superior degradation rate, temperature coefficient, spectral and shading response, and the smallest environmental footprint in the industry. First Solar's thin-film modules require only 1-2% of the semiconductor material needed by traditional c-Si modules to produce a comparable amount of power. The company’s vertically integrated manufacturing technology results in fewer process steps and faster production times with superior traceability and transparency.
Responsible Solar
From raw material sourcing and manufacturing to end-of-life module recycling, First Solar’s approach to technology embodies sustainability and responsibility towards people and the planet. This is why First Solar has a long history of establishing benchmarks in recycling, responsible supply chain management, transparency, and the carbon and water footprint of its technology.
First Solar’s thin-film PV modules have the best environmental profile and are manufactured using less energy, less water, and less semiconductor material, resulting in up to 2.5x lower carbon footprint and up to 3x lower water footprint than c-Si solar panels on a life cycle basis.
First Solar is a member of the Responsible Business Alliance (RBA), and in May 2022, completed its first RBA Validated Assessment Program audit at its Ohio manufacturing facilities, achieving platinum status, the highest possible rating. Additionally, First Solar has committed to powering 100% of its global manufacturing operations with renewable energy by 2028 and achieving Net Zero by 2050.
For more details please visit First Solar Inc.
True Market Leaders: #1 $FSLR👉Name is holding great through the market sell off
👉The RS line up is showing outstanding relative strength
👉Volume indicator we see a bunch of green and blue (bullish) bars highlighted and not much red and purple (bearish).
👉 Stage 2 indicator is showing early turn and key MAs are starting to point up
Not at a buy point yet but definitely a great candidate to watch!
FSLR Daily Technical AnalysisFSLR Daily Technical Analysis
Resistance price: 139,91
Support Price: 121,91 - 111,20 - 102,12
We added this stock from 127,03 price early time. Four days ago daily technical started show NEGATIV and 3 days volatility started down. Losting power. Until 77,50 has space of technical graphic. Middle term price need close this.
TAN big break outbig down trend break on TAN ( solar etf). retesting the break out now intraday. solar can really be the leader of next run when ever we get that. solar names like ENPH SEDG are 7-8% away from ATH's. extra ordinary relative strength.
TAN is already up 15% in 2 days, so might be over heated in short term but long run looks really good.
First Solar (NYSE: $FSLR) To Benefit On Higher Oil Prices!🌞First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. It operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems. The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.