Bought the fear of trade war Yuan news, looking for a long term uptrend with medium term healthy swings within a steady channel. Looking to swing trade tops and bottoms as long as we are in the parallel channel. I look for opportunity in stable range, slow volatility, good entry / exit points and also it helps if the company seems well placed for the current...
As you can see the price is at a strong support, plus you see a clear Bullish divergence on the RSI and CMF indicators.
First Solar (FSLR) has formed a pin bar yesterday. Title is coming from a 5 consecutive loosing days and pin bar could be a good signal of reversing. Stock strenght is above 72! Watch the stock and lets see if slowstochastic is going to reverse or check on lower timeframes if there is a entry signal (may be 72.64). Disclaimer: This is just my tought: don't invest...
Possible bull flag. Watching to see if it breaks out of flag. If so, it could see 82.80.
Stock is moving upwards in a smooth way. There is room until 38 Usd at least. Increased volumes are associated with long white candles. This gives us more confidence about the outcome of a long strategy. Suggested trade: LONG. Take profit at 38 Usd Please follow us at www.wallstreetimes.com
First Solar has been in a clearly defined downward trend since between May and August of 2016. As of the close on May 12, this stock is at the top of the cycle which is near a strongly established resistance. The projected future movements are highlighted below. When we take a look at other technical indicators, the relative strength index (RSI) is at 81.4842....
Beginning wave 5 to the downside, support comes in around 22.5, C Wave of flag beginning.