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
FSLR trade ideas
Super Long Term ForecastSolar stocks will probably catch on again in the future so this is one possible scenario... a VERY BULLISH scenario! Throw $10 grand in FSLR at $5 / share, and take early retirement in comfort at your lake house 15 years later =c) ...of course make sure to reinvest at wave (IV) for another 10 fold increase!!!
#FSLR: Opportunity To Short!Solarcity had a bear impulse leg and some sideways movement created a double top and bears are stepping in, looks like the bears are around. Worth keeping an eye on this one. Hope you all have a tested trading strategy to trade this move when it starts
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FSLR BREAKING DOWN ON WEEKLY; GREAT SHORT R/RFSLR has been behaving very well within technical levels on the weekly, and has been trading in a range for a few years. A strong weekly trendline has just broken, and if it can make NEW LOWS on the daily, it will head to 45.43, next area of support where it will probably bounce. a decent stop would be above the dotted trendline above.
I could see it crashing through 40.52, which is huge weekly support, testing from below, then heading to 33 area in a few months. This will take a long time to play out.
let me know your thoughts.
#FSLR: Possible Bottom And Base For RallyPrice has based at the lows hitting the support trend line where price has accumulated and formed a base where upside is now likely
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When you get too close to the sun... I made an index summing up three big US solar companies to try and see what's going on with this market and most importantly why isn't it soaring high like everyone's expecting... The reason is probably hidden somewhere in the regulation wars and the single companies financial health. There are plenty of articles around to read up on this. Somebody suggests a correlation between oil price and solar: low oil prices makes fossil energy too competitive and undermines solar. However, when you compare oil prices the correlation looks weak.
Overall the solar market is still technically a bull market in a wide consolidation moment, but the recent yo-yo makes it extremely dangerous for investors to hop on the so-called "solarcoaster".
Looking for an entry in this market is complicated business. Does anyone know what could be a catalyst to get us out of this consolidation?
#FSLR-Update: Huge Downside Seen, Holding Position! #FirstSolarTraders,
Made HUGE profits with FSLR (See related ideas) and we are still holding position. Looks like there could be more downside here, and we could see further shorts into the bottom of the long term range. We made over 27 percent of First solar's entire stock price so far!
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#FSLR: BEAR CONVICTION SEEN, EXPECTING NEW LOWS! #FIRSTSOLAR Traders,
Expecting some nice lows off of a compelling bearish engulfing signal and a clear crisp bearish sentiment. We will see a 3 wave cyclic move here.
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Tom
#FSLR: BEAR CONVICTION SEEN, EXPECTING NEW LOWS! #FIRSTSOLARTraders,
UPDATE: We are in the money, well done to anyone who took this short with me. We are waiting for more downside now. Expecting some nice lows off of a compelling bearish engulfing signal and a clear crisp bearish sentiment. We will see a 3 wave cyclic move here.
---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page---
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Tom
#FSLR: Bear Conviction Seen, Expecting New Lows! #FirstsolarTraders,
Expecting some nice lows off of a compelling bearish engulfing signal and a clear crisp bearish sentiment. We will see a 3 wave cyclic move here.
---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page---
Regards
Tom