First solar breaking out slowly CMP 204best buy @ 198-204.
short term target 300.
major target updates for members .
this stock is one of the leaders in current bear market past 16 months
FSLR trade ideas
FSLR sellIdea: sell call credit spread, or buy put.
It seems that FSLR may need to retrace after this parabolic move up.
First Solar MACRO Idea
Here we are looking at FSLR on the 1 Month TF…
While I don’t normally post ideas from this zoomed out on the chart, I thought I would briefly share this fun idea that I came across.
As you can see, we are analyzing where FSLR is currently, in reference to it chart history dating back to major support breakdown in 2011.
What I found interesting, is that if you stretch that previous support all the to the present date (on its trajectory), you can see that (so far) FSLR has been rejected from this previous support line.
Of course, this isn’t enough to base a trade off of, but it is very interesting that previous support from 2011 is now acting as resistance. Additionally, there is still half a month left on this candle, so there’s still plenty of time for it to break through that line and invalidate it.
Nonetheless, I thought it was interesting, and that some of you may find it interesting as well!
Let me know what you think in the comments!
Cheers!!
Long First SolarSolar energy is one of the leading technologies in the renewable energy industry. It is slowly eating away the oil industry's market share in energy production. Through economies of scale, the cost per unit decreased significantly over the past decade so there is a chance that First Solar might eventually break its all time high.
From a technical standpoint it is on a nice uptrend. I would buy some shares now then buy any dips above the uptrend.
Short FSLRShort FSLR: Its at the top of the channel and needs to retrace if it will continue higher.
FSLR PARALLEL CHANNEL - WILL IT BREAK SUPPORTMultiple hits on this parallel channel confirms the latest in Gareth's future FSLR play.
FSLR Ready to Break Support?Here we are looking at FSLR on the Daily TF…
As you can see, FSLR has been trading within an ascending parallel channel, with clear upwards sloping support and resistance. It has been trading within this rising channel since October of 2022, but I am expecting a breakdown from this structure in the coming days.
Ascending channels (as such) are bearish in their nature, thus, I expect for this channel to break to the downside soon. Additionally, the more something tests a zone (support OR resistance), the more likely it becomes for it to eventually break that zone.
As you can see, FSLR has tested support 4 times now, and is currently attempting to break down again. If it can’t hold this support, I find it likely that a move to the horizontal line will occur.
I will continue to monitor this chart, and update you if there are any significant developments.
What do you think will happen for FSLR? Let me know in the comments!
Cheers!
W 1.414Price remains above the .236 of the trend up.
FSLR has met targets to the upside plus some.
Earnings are 2-28 AMC.
Short interest is around 3.9%
No recommendation.
(I can not find the harmonic pattern anywhere that has a 4th leg terminating at the 1.414, but there have been a lot of these in the recent market. 1.414 is the square root of 2. I call it a W 1.414 and an M 1.414. If you know the name of this, please let me know)
$FSLR to the dumpsterSecond bear flag in play and the stock is overvalued af with continuous downgrades incoming. Looking for 163,157,151,146 in the next few weeks
🟩 $FSLR - Bought hereConstructive setup of a Cup with Handle
98/100 Relative Strength
Sep22 - Dec 22 - Massive increase in Institutional Ownership (+370 new Funds /40%/)
First Solar Might Be ShiningFirst Solar has been climbing since last summer, and some trend followers might have noticed its recent pullback.
The main pattern on today’s chart is the price zone around $162. It was initially relevant as a high in early November. Prices bounced there a few weeks later and knifed below it the following month. The stock rebounded in early 2023 and rallied to new highs.
FSLR then proceeded to pull back and is now trying to stabilize near the same price area.
The level also corresponds to roughly a 50 percent retracement of the rally between January 5 and January 17.
Next, prices are back above the 21-day exponential moving average (EMA) and 50-day simple moving average (SMA). That may suggest FSLR is ready to resume its uptrend.
Finally, notice how MACD has turned positive again.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
$FSLR: resuming the big picture trend?First Solar has a nice trend in yearly scale, and lately had embarked in a series of powerful rallies in daily, weekly and monthly scale, since the Inflation Reduction Act vastly improved the outlook for the company.
I'm inclined to go long on any trend continuation signal, but also being mindful of potential corrections that might trigger in the short term (although they will likely be short lived given fundamentals).
I present to you both possible trades that can trigger here, if they trigger tomorrow, odds are higher of working. Else we will need to update entry prices on a day to day basis until triggered this week or next.
Best of luck,
Ivan Labrie.
FSLR:Will First Solar continue to soar?About First Solar
First Solar, Inc. is an American company which manufacturers solar panels and offers utility-scale PV power plants as well as related services like financing, building, upkeep, and recycling of used panels. For its solar panels, First Solar uses stiff thin-film modules and creates CdTe panels using cadmium telluride (CdTe) as a semiconductor. Inventor Harold McMaster established the business in 1990 as Solar Cells, Inc., and with JD Polk in 1993 as the Florida Corporation. When True North Partners, LLC bought it in 1999, they changed the company’s name to First Solar, Inc.
You want to have a closer loot at First Solar?
Read more on FSLR’s Investor Relations.
---
More information about sustainable and impact investing can be found in our Education area on norvestio.com
---
Will FSLR continue its upward trend?
According to TradingView, 15 analysts rate First Solar shares as a “strong buy,” compared to two analysts who rate FSLR as a “buy.” Eleven experts recommend retaining the company’s stock, but none at this time would advise selling FSLR. Additionally, the current minimum expectation for the stock is USD 137.00. The current highest estimate for the stock is USD 233, while the average estimate is USD 179.86. Currently, the cost of the FSLR stock is at USD 178.00. First Solar’s stock has consistently traded in an upward channel since its earnings on July 28, 2022.
The predicted EPS for Q4-2022 may increase by 0.31 to -0.15 from the reported EPS -0.46 in the previous quarter. Analysts predict that the EPS will however decrease annually by 5.12 from reported 4.38 in 2021 to an estimated -0.74 before increasing again in 2023 to 5.10.
According to predictions, FSLR’s revenue may have decreased by 10.28% from the reported $2.92B (2021) to $2.62B in 2022. Nevertheless, due to the ongoing high demand for solar panels and PV power plants, the outlook for First Solar’s revenue looks positive and could increase to approximately $5.50B in 2025.
First Solar may have a promising future if those forecasts come true.
FSLRMonthly and weekly charts are very important to look over, I'd check this out right here.. Solar can still have steam ahead for the next year or so.
Lines are just fib levels
FSLR D1 - ready to BO if SPX will co-operate“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
FSLR (First Solar Inc.) Technical Analysis - Short Idea Straight to the point, looks like FSLR is forming a Bearish RSI divergence (where price is making higher highs, and RSI indicator is making lower highs). Additionally, RSI is also at 71.45 which is somewhat high (overbought).
Unless we break the marked white support trend line on the chart, the price should start making a downward movement to the support areas (143.50, 118.82).
Trade Ideas:
FSLR - Long $170 Put 12/02 - $5.15
FSLR - Long $140 Put 12/16 - $0.97
I've given two options. (In The Money or Out The Money) based on your risk level.
This is not a financial advise. Please do your research before making the trade. Trade only if you agree with the idea.
Good Luck!
Keeps on GoingIt looks like a cup has formed but is lacking a handle at this point.
T1 has been met.
Earnings miss yet back up again.
ATH is 317.
No recommendation
17/11/22 - Solar Sector Strong Solar sector strong as a whole, showing relative strength. Leaders are $FSLR (actually trying to break out today) and $ENPH.
TIME TO SHORT SOLAR SECTOR FSLR TOPPEDI am now moving into puts in FSLR as of this morning >look to move to a net short at 75 % in the money puts look at 2023 puts only .We should a rather large drop back to 100/115 easy
FSLR shortIF SPY REACHES 389 TODAY, I'LL BE SHORTING THIS. Grateful this didn't dump on earnings. I think it will fall heavily thru November. Would look to stop out if highs get plowed through, which I doubt happens.
FSLR -- Long--Breakout from W pattern for base/support
--Stock drop 8% on ER, gain 1.5% in pre-market
--Look like there still demand for green energy
--ENPH has good ER and gain 9% on the open
--Indicate entry signal on ER.
--Could be high reward and high risk, because of ER was not that great, but not as bad.
Weekly Chart/Earnings 10-27 AMCPrice is still above the .236 of the trend up.
This level seems to be support for now.
Short interest is around 4.9%.
Earnings are scheduled for Thursday after market closes.
Short for the longer term.
No recommendation.
Target 1 is in larger orange type followed by T2 and T3 which are in smaller type.
Daily Chart:
