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.
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.
Comment:
Looking like the short side could trigger at this rate, nothing yet...
Comment:
This will trigger the short next...look down below.
This will trigger the short next...look down below.
Comment:
*look out below
Trade active:
Short filled!
Comment:
At this rate target will be hit this week, hold, maybe move stop to entry.
Comment:
Stopped at entry, then bullish side triggered, now target was hit roughly.
