Solar industry looking goodFirst solar is breakout out currently. Looking for conviction here. The solar sector looks good all around. $CSIQ is also hot!
FSLR trade ideas
Sold Long options, looking for long short putsI think it's headed back to $32.66ish , to test the 20d VWMA
Long fslrDivergence and a finished corrective structure
It's possible price may make another low before upside. So either use a small stop under current low or calculate for a larger stop around 20-22 handle.
Renewables are the futureAlthough not necessarily for First Solar. Read on...
Positive fundamentals
First Solar focuses on module manufacturing and developing utility-scale solar plants. I work for grid operators (Europe), and see them doing more and more experiments with renewables. Developing batteries for storage, new grid components for PV (solar panels on roofs) that enable 'peak trashing', 'cable pooling' and more. Utilities are also focusing (since multiple years already) on developing a smart grid that enables the installment of renewables. Current electricity cables are chiefly installed with one-way currents in mind. However, due to decentralized renewables (PV, heat pumps, wind mills), a paradigm shift occurred. First Solar plays a small role in this new tune grid operators are playing.
Negative fundamentals
Buying $FSLR comes with plenty of fundamental risk:
1) Trump's opinion on renewables will not do the stock good and any negative news might send the stock down.
2) Trump is not keen on businesses doing a lot of business with foreign countries ($FSLR trades heavily with China). On the other hand, Chinese solar providers might see more barriers to exporting their panels to the U.S., boosting $FSLR sales.
3) Additionally, $SCTY will be a competitor soon, as they're also getting in $FSLR's sector. With $TSLA at its back $FSLR might struggle in the coming years. Note that $SCTY is planning to build a huge plant in NY, perhaps gaining approval from Trump.
3) A quick glance on the income statement shows declining FCF and revenues and increasing debt.
Positive technicals
1) The 16-nov key level is quite important and might find support there soon. Note that positive news was brought out after the market closed, so look at the price action of 17-nov: almost 14% up. Since then it didn't make a new low.
2) At 16-nov it had the highest volume in an up-move. Down-moves at earnings report have higher volumes though.
Some more background facts:
Here in our country, the head of the Dutch petrol/gas company believes natural gas will only be used for industry and transport in 50 years, not for warming households. He wants to use the gains from the Dutch gas bubble to invest in renewables.
Solar has so much potential $dgaz watching for entryOnly accounts for 0.5% of total U.S. Energy Consumption
Fslr shows signs of life after a break of 40Yesterday, FSLR broke the 40 barrier after days of consolidation. I am long 40.5 calls next week. Looking for a few more points to complete the inverse head and shoulders pattern.
$FSLR - subscribers got in before breakoutSubscribers to the Trend Trade Letter bought FSLR at 39.75. Try 30 days free. www.DrStoxx.com
Here We Go!!! Buying 5,000 Shares Of $FSLR: Huge Breakout ComingI am buying 5,000 shares of First Solar, Inc. (NASDAQ:FSLR). The stock chart is one of the most beautiful bull flag patterns I have seen in some time and on the verge of the break out. The stock is trading just off 52 week lows which means it has significant upside potential. Overall, I view First Solar as a low risk, high reward swing trade.
I verify my trades on VerifiedInvesting.com
FSLRDivergenza Long !!!
Per chi ha pazienza se chiude una candela completamente sopra la resistenza dinamica vale la pena provarci
FSLR, a potential reversal candidate or just more garbage?FSLR, made a nice little off oversold conditions around 34ish area. Now hitting a bigger resistance area around 40.
FSLR supportIf RSI can reverse back above 30 before price breaks the 61.8 on a weekly close, could try long with stops just below.
breakdown 36.79 is the base pointI personally dont like this sector because is very volatile, but this one looks awesome
FSLR LONGTERM LongFSLR has broken out of the long downward trend and is now correcting.
Weekly Divergence + .618 key fib level
Daily Resistance zone Level + 1.27 Fib extension of last impulse
4hr divergence.
Contracting wave correction about to finish.
This stock could go lower to the .707, but it is at an interesting point and is worth keeping an eye on. I would personally wait for it to break out of the 4hr downtrend instead of trying to catch the bottom.
Apple signed a 25 year 850 million contract in feb 2015
www.forbes.com
FSLRThis price action is heading a crossing starting from 40.50 to 42. At this area, either breakout (above red trend) to around 49 or down to 33. This chart is Weekly.
$FSLR: watching bottom formation herePossible bottom forming on FSLR, with solars in play today on higher oil.
