FSLR: First Solar IncWatching to see if it breaks the upper resistance or bounces and falls back to support at 61.00.
FSLR trade ideas
Long FSLRSet stop too close on previous FSLR Long. After stop being picked off FSLR surged. Bought back in on surge. As price continue to trend up continuing to increase postion size - stop set deeper at $58. Will move up stop each time price breaks out to new levels - will continue to set stop just below bottom of range from previous consolidation (before breakout).
Long FSLRFirst off it is in a clear long term up trend. Secondly, it has been consolidating for weeks now, and FSLR has shown a patter of consolidation and then a break out. Place a close stop at 58 if the consolidation breaks down. But projecting an eventual pop towards the 75 range. Great reward to risk ratio.
FSLR Long after PullbackWatch for FSLR to pull back from spike, if meets resistance around $51 and then an up trend re-emerges, go long. Set stop around $46 where underlying support.
Entry in purple I love the sideways action can break upward above purple line.
my risk set all the way down there. in red...
FSLR - potential breakoutIf FSLR breakout 50 USD and close there it could continue in one wave to 55 US. It breaks olso over 50 fibo. Reasonable stoploss would be 48,4 USD. For long term investors 46,2 USD.
FSLRShould stabilize and uptick for the next few months. I will buy any correction to $25-30 given the opportunity.
Nice Inverted Head and Shoulder on the week basis on FSLRNice Inverted Head and Shoulder on the week basis on FSLR. Final target between 48.50 to 49.70 let's see what will happen!!!
Short PutFirst Solar Earnings tonight, IV is juiced.
Aug 18 $40 put for $.88, offering 2.2% ROC here.
First Solar for limited profitFirst Solar has formed a cup & handle pattern with nice opportunity to go long now. If a long position is taken and the price goes up, profit should be taken at max. 50. There is a long-term resistance formed at around 50. With Trump's energy opinions, this clean energy solution will likely reverse at 50 to continue its long term bearish trend.
