Descending TriangleTop line slopes down and bottom line is virtually flat.
Triangles are consolidation patterns and are neutral until broken.
Price is close to support.
Close to oversold status on Rsi.
No recommendation
FSLR trade ideas
FSLR-BUY strategy WeeklyThe share has been quite a mover, and now finding some support near $ 165 area. The move lower has been corrective, and shows we may see pull back in coming weeks.
Strategy BUY @ 170-180 and place stop-loss below $ 160.00. Profit order @ 225 for now.
$NASDAQ:FSLR Livermore Accumulation CylinderNASDAQ:FSLR Livermore Accumulation Cylinder. I hope it will materialize. Relative strength on this stock is strong.
FSLR- SELL strategyNo change in view.
As we have observed we cannot manage the steep increase and the channel resistance was respected @ $ 240 handle. We have declined again sharply, the three dark soldiers, and I feel we will test $ 174 again.
FSLR-SELL strategyNoi change in view, and have traded slightly lower. The pattern suggests in combo GANN support (Black line) and the top of channel, resembles an ascending wedge. This suggests lower levels to be seen. Further, we are overbought, and that's why still SELL strategy preferred.
Strategy SELL @ $ 220-240 and take profit @ $ 181 now (channel support @ $ 176). Break of channel support will lead to $ 130 area.
Stop-loss is wished for @ $ 275 for now.
Consolidation mode.Gapping above 230 or at least holding 222sh for Tuesday 16th. gives further room on the upside. Otherwise, choppy around the gap.
FSLR- SELL strategyThe previous short worked well from $ 210 till profit target $ 174.00. From that point we corrected sufficient for first correction.
Now we have a sharp increase on VOLAR deal, and again we are above GANN support but its too steep to my liking. Further near channel resistance $ 240.00. The SELL strategy is sell current @ 230-240 and take profit again @ 174.00. Stop-loss place financially above $ 267 for now.
FSLR POP: What NEXT!?Here we are looking at FSLR on the Daily TF…
As you can see, FSLR is currently trading within the expanding channel to the upside. Currently, it’s in the middle of a powerful move of support to the upside. IF FSLR wants to continue its move to the upside, I would expect for it to find resistance at the upwards sloping line, which currently lays at about $248.
Prior to this move up, FSLR had attempted a breakdown of this structure, but powered through. This is a great example of why confirmation signals are so important in trading!
I will continue to monitor this structure, and provide timely updates as I see fit.
Cheers!
FSLR - Entry, Volume, Target, StopEnter when price clears 221.88
On above average volume
Target: 257 area
Depending on your risk tolerance: 210.21 gets you 3/1 Risk/Reward
FSLR- SELL strategy The first idea profit objective @ 174.00 was me and we respected the GANN support 173.00 area.
Likely the share will mnove little higher at first, and for that reason we SELL anew again @ 195-205 area and place profit area @ 178.00 for now. For long-term positions, we place profit @ 135.00 for now,.
FSLR-Medium-term SELLNo change in view.
Overall, one keeps selling into rallies here, even though the run up has been sharp . This does not negate medium-term objective that may reach $ 130.00 again, with interim stop @ 173.50 area. For now SELL current $ 209.00-2.15 window with first profit objective @ 174.00, and re-instate on corrective action again for a move to $ 135.00.
#Solar Perking UpNASDAQ:FSLR 4 day mini coil right into All Time Highs ATHs
NASDAQ:CSIQ got the looks as well in #solar space
$FSLR ascending triangle catalyst FSLR has been consolidating since the last earnings and has formed a month and a half ascending triangle. Earnings this coming week could be a catalyst for a move higher. One interesting note, there is a gap pending fill to the upside from 2008! Not saying it will fill next week, but maybe in the next few months, a very interesting trade.
Buy more at 218 for 300 target First solar showing continues momentum & strength.
Add some more here.
Target 300
FSLR- SELL LONG-TERMThis one also very much manipulated, and when we look at the long-term picture, it is quite overdone. Besides we are above Gann resistance levels, and also hammer top. I feel within 6-9 month period we should decline towards $ 120.00 for the share. Therefore, SELL current $ 210 level and place stop-loss @ 240 for now and a take profit at $ 135
First Solar 1D Possible Breakout of a Bull Flag FormationThe stock is showing a strong green day which could be the start of a breakout from the current bull flag formation.
First Solar's (FSLR) fundamentals support this thesis. The company has a large backlog which will take multiple years to work through.
It can be cheaper to build and run a solar plant than it is to buy gas for existing natural gas power plants.
First Solar is involved with large utility-scale solar installations with their efficient PV solar panels.
The company has strong expected double-digit revenue and earnings growth for the foreseeable future.
FSLR - Rising channelOn the chart, we can see a rising channel occurring for FSLR.
It has been ranging between the levels for almost 3 quarters.
We expect that the price will stay in the channel for a while.
You can buy at the lower boundary of the channel and exit at the resistance, which is the higher boundary of the channel.
Invalidation of this thesis would be if the price closes out of the channel.
Moreover, you can short at the resistance with a target at the lower boundary of the channel.
Good luck!
rising channel due for a breakoutwill play a short position if it reaches the resistance again. bearsih divergence in play too
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 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!!
