F3A trade ideas
Crooked W 1.414The W pattern appears to have ended at the 1.414.
Crooked Ws become bearish when the 4th leg ends.
1.414 is the square root of 2.
I can not find the name of this pattern but I am seeing quite a few.
Short for the longer term
No recommendation/price is still above the .236 of the trend up.
RSI DiversionThis one is Skyscraping!
There is a diversion between price and RSI. This will correct at some point.
Price is above the .236.
No recommendation.
Price sits above a long and rickety looking ladder and one could possibly call it a Bull Flag up there.
When this falls, it may fall hard. But the market is still pumping today so who knows?
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!
From NVDA to FSLR?My idea is about NASDAQ:NVDA and NASDAQ:FSLR . Two very different companies with respect to market capitalization and products (at least both are semiconductors industries). But there is the funny fact, that - at the moment - the prices for both are about the same and one could trade NVDA for FSLR or vice versa. Momentum for FSLR seems to be stronger than that of NVDA at the moment. NVDA has a lot of head wind - although still a promising future - and FSLR will profit from the Inflation reduction Act and the immediate need to reduce the CO2 footprint in any country of the world. My hypothesis is that NVDA will still suffer for quiet some time and FSLR will continue to improve, but in the long run (2024 and beyond) NVDA will catch up and because of better multiplicative factors such as autonomous cars surpass FSLR in positive momentum.
Anything Above the .236 is a Suspect3 attempts so far to break that high and so far, none were successful. This could change cos everything does.
.I do know folks will ride a high. But not forever.
For those who are looking to invest longer term, this may not be the one for you.
The party will end.
Securities even above the .382 fib level, much less the .236 fib level, would be risky to me if I were looking longer term. This one is above the .236.
When panic sets in, buyers become sellers.
Just an opinion and everyone has one.
I use the Covid low to do my Fib levels. You may not. That is the bad thing about fib levels as we can often see different starting points for the fib table.
You know this just chart just looks risky! I do not think anyone would argue that but I am not saying it will not make a new high. It might. Just be careful is all.
It may Not just be that the economy is eating Rock Soup. The fast and furious rush that ensued after the Covid bottom could be contributing to the demise of this market.
No recommendation.
When someone's wallet is cramping, they do not give a flying F about solar, utilities or healthcare. They will sell. They only need to be pushed to the limit, then they will let go.
The final score does not always tell the story of the game.
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.
time to follow QQQ's (down)FSLR generally tracks closely to QQQ's, and recent divergence is temporary in my opinion
While its possible that the QQQ's break to the upside and exit their bear market, the more likely scenario is for the recent bear market bounce to fizzle out and we'll at least see a re-test of June lows.
repeat of June 03-16 would be 17% decline for FSLR --which puts it at ~$112. QQQ's only lost 12% in that time frame, but note that the low average daily trade volume for FSLR contributes to its price volatility both directions
here is a quick comparison I did of volume activity of FLSR vs a couple of its peers:
First Solar, Inc. (FSLR)
MCap 14.7B
Avg. Volume (10) 3.91M
Avg. Vol x price = 537,742,300 (0.37% of MCap)
10.69% of Shares Held by All Insider
82.20% of Shares Held by Institutions
Sunrun Inc. (RUN)
MCap 8.09B
Avg. Volume (10) 6.02M
Avg. Vol x price = 228,783,400 (2.82% of MCap)
5.90% of Shares Held by All Insider
95.03% of Shares Held by Institutions
SunPower Corporation (SPWR)
MCap 4.83B
Avg. Volume (10) 3.559M
Avg. Vol x price = 98,904,610 (2.04% of MCap)
51.3% of Shares Held by All Insider
39.41% of Shares Held by Institutions
FSLR-SELL +++We have moved north for a long time, and its hard to understand the time staying this high.
However, the medium-term picture always remained objective near 92.00-94.00, based on false bull flag pattern and a lofty MACD and RSI. The daily RSI is turning below its average.
Strategy SELL between 120-140 for a move to 95.00 profit objective,
9/11/22 FSLRFirst Solar, Inc. ( NASDAQ:FSLR )
Sector: Electronic Technology (Semiconductors)
Current Price: $135.82
Breakout price trigger: $138.40
Buy Zone (Top/Bottom Range): $131.00-$122.00
Price Target: $144.00-$145.90
Estimated Duration to Target: 40-43d
Contract of Interest: $FSLR 10/21/22 150c
Trade price as of publish date: $4.60/contract
repeat of June 2007 run?last time FSLR made such a steep 100%+ run was back in May/June 2007. Here, I tried overlaying the price action then with this recent run, with an eye to possible near term resistance at $139
note then the protracted dwell of RSI above 70, followed by ABC 50% retracement before mooning.
FSLR-SELL++++The issue is, these type of shares seems to take more time, due to lower volume, I feel.
This type of share is no for the short-term, but for 2-3 months time frame corrections. The short-term it does not react, and that is an issue for some.
It does not change the overall view, as the higher it goes, the steeper the decline. For now, the estimated FIB correction should be minimum 98 but likely we may see 93.00.
FSLR short trade setuplooking VERY extended here .... % distance above 50-day MA hasn't printed this high since May 2013. RSI also uncommonly high and loitering over 70 longer than normal.
decent short term setup for quick short play: to $116 ? After that, I could see it making a quick bounce back up to $129 that will shake out the shorts, then test $107 area? maybe more? unfilled gap at 77.5
raging bull case is also possible? ala 2007 scenario - rocket ship to the moon?
FSLR-SELL+++No doubt volume is low and it appears some form of control on the price of the stock with upside bias.
Gravity rules always, and the false bull flag shape and the overextended nature of the price action, suggest medium-term below $ 90.00 again.
Strategy SELL current $ 126-129 and take short-term profit @ 107 and for medium-term strategy take profit below $ 93.00.
Weekly ChartFolks are bullish on solar so be safe.
Bearish Alternate Shark which appears to have ended at the 1.113.
The other Shark end at the .886.
Weekly candle is a shooting star at this moment but bye golly, it touched that 1.113.
Candles are known to form a bottom shadow and not just a long top wick and then stay like that forever(o: This candle is known as a shooting star if it is at a top.
A long top wick can indicate resistance.
No recommendation.
Overbought on RSI.
EPS (FWD)
-1.24
PE (TTM)
68.76
Div Rate (TTM)
0
Yield (TTM)
0
Short Interest
4.91%
Market Cap
$12.97B
Maybe one day we will all have solar panel homes and drive EVs. Probably not this year though.
It rains all the time here so I do not know how I will live in my solar powered home one day )o: