BUY First Solar Now (~$50)Big future awaits solar energy, so everyone understands this and therefore investors won't give up on this stock.
Long-term growth perspective is huge.
Thus, you can buy the stock now at it's lows and hold it untill the good times.Don't track it everyday, save your nerves. FSLR may at least double it's current price.
But you can take advantage of the future growth in short term trade:
Buy @ +-$50
Short stop @ $49
Take @ ~$59
Be aware, that there is a high probability to trigger your stop due to the coronavirus fears and economic or polytic impact, but still it worth it.
Have a good luck!
FSLR
FSLR BEARISH Scanning for gems
First Solar Puts , ride this POS DOWN to 39$ from 52$ ..bearish head and shoulders pattern in weekly chart , RSI not oversold yet 39, supertrend indicator says short “never used it before though” lol 442 price to earnings ! sales and earnings past 5 years both down ... volume 4.5x bigger then usual with tons of selling
January 50$ Puts 221$ ... I’m not experienced-in the long game though .. never tried ...also insider selling -35% And missed on 4 strait earnings
VSLR long ideaAfter breaking above the trend line and a retest VSLR had a nice move higher. It now pulled back again and is starting another move higher. Looks good
FSLR: Aggressive long...long term implicationsI like $FSLR here, I've been buying gradually for the last few days, but looking to also take a shorter term position here. It might be a good spot to buy long term OTM calls, but you can also go long with a tight stop if today we see a new daily high. If you are not positioned and looking for exposure to solar, then a 1-10% long term position built gradually during a few days up to a month would be ideal for you. Long term, the chart implies we could go to $400 without much problems.
A reminder of why solar is so bullish here: www.greentechmedia.com
Best of luck,
Ivan Labrie.
First Solar (FSLR) has formed a pin bar.First Solar (FSLR) has formed a pin bar yesterday.
Title is coming from a 5 consecutive loosing days and pin bar could be a good signal of reversing.
Stock strenght is above 72!
Watch the stock and lets see if slowstochastic is going to reverse or check on lower timeframes if there is a entry signal (may be 72.64).
Disclaimer:
This is just my tought: don't invest based on this idea.
TRADE IDEA OF THE WEEK IN CSIQWe like how the Solar Sector is trading separate compared to the rest of the market right now so we entered this trade today. We are hoping for this to be a longer term swing trade for us but it depends on the price action. The momentum looks nice to the upside and I decided to post the weekly chart on this to show the strength in this current move.
Good luck to all!
FSLR LongBullish looking weekly chart with a bunch of cups and the 73-75 resistance level tested several times.
Looking for a break of that level soon and follow through to 95-100 target level.
Once breaksout, stop below 72.
This could be a multi-week or multi-month swing play.
Weekly moving averages in bullish configuration as well.
FLSR approaching a critical pointDear reader,
Do not trust me. I am a beginner in terms of performance and veteran in terms of experience. The market does not care about the latter remember that always.
This is my analysis for FSLR a stock I have traded successfully and unsuccessfully in the past.
Where are we standing?
Longer timeframe:
- Inside a wide multi-week box starting early December 2017 consolidating the 50 point run from the lows.
- Current price action is at approaching resistance.
Shorter timeframe:
- Stock acting strong after a 1-week small consolidation in early March.
Even longer timeframe (monthly):
- We sit in front of volume pocket from the calamitous 2011 fall. 112 should be the longer timeframe target for a future move.
Where are we heading:
Scenario 1:
- Rejection of multi-year resistance and we go back to trade inside the box or consolidate around the current level. (red line / weekly timeframe)
Scenario 2:
- Continuation previous to consolidation at the 75-76 level. 2018 highs. (orange horizontal line / daily timeframe))
Scenario 3:
- This is where things get interesting and for this, you need the monthly chart as the next point of resistance will be 112.12 YES, 37 points above of the current price action. (purple line / monthly timeframe)
I admit Scenario 3 is short-term is a bit wishful thinking yet worth keeping in mind as possible.
How to trade it:
- If you have traded this from within the box adjust your stops accordingly closer to the top of the box.
- In the longer timeframe leaps could be potentially interesting with the bigger goal in mind.
Thanks for reading. Views are my own.
FSLR approaching a critical pointDear reader,
Do not trust me. I am a beginner in terms of performance and veteran in terms of experience. The market does not care about the latter remember that always.
This is my analysis for FSLR a stock I have traded successfully and unsuccessfully in the past.
Where are we standing?
Longer timeframe:
- Inside a wide multi-week box starting early December 2017 consolidating the 50 point run from the lows.
- Current price action is at approaching resistance.
Shorter timeframe:
- Stock acting strong after a 1-week small consolidation in early March.
Even longer timeframe (monthly):
- We sit in front of volume pocket from the calamitous 2011 fall. 112 should be the longer timeframe target for a future move.
Where are we heading:
Scenario 1:
- Rejection of multi-year resistance and we go back to trade inside the box or consolidate around the current level. (red line / weekly timeframe)
Scenario 2:
- Continuation previous to consolidation at the 75-76 level. 2018 highs. (orange horizontal line / daily timeframe))
Scenario 3:
- This is where things get interesting and for this, you need the monthly chart as the next point of resistance will be 112.12 YES, 37 points above of the current price action. (purple line / monthly timeframe)
I admit Scenario 3 is short-term is a bit wishful thinking yet worth keeping in mind as possible.
How to trade it:
- If you have traded this from within the box adjust your stops accordingly closer to the top of the box.
- In the longer timeframe leaps could be potentially interesting with the bigger goal in mind.
Thanks for reading. Views are my own.