Hi traders, this is my take on FSLR , I have no knowledge about fundamentals on this one, at all...
Always do your own DD .
Based on the historic view of the stock, we have some obvious fib. levels along the way that might cause some resistance and afterwards, some support.
I've tried to only estimate within the next year, and also the most bullish trend and levels that should be able to be hit within the next year.
Remember that this is a hot sector, beware if it reverses, but if it don't, we might see these levels with some market headwind in 2021.
Hope this can help whether to set up a play on this one or not.
Have a good day.
Always do your own DD .
Based on the historic view of the stock, we have some obvious fib. levels along the way that might cause some resistance and afterwards, some support.
I've tried to only estimate within the next year, and also the most bullish trend and levels that should be able to be hit within the next year.
Remember that this is a hot sector, beware if it reverses, but if it don't, we might see these levels with some market headwind in 2021.
Hope this can help whether to set up a play on this one or not.
Have a good day.