Solar industry companies are expected to benefit from Biden as President. Tax subsidies are going to be extended to 2025 which should generate more revenues. #FSLR is well positioned in the sector with P/E more reasonabl than of some of other players in the industry. Iis likely to continue in wave 3 of (3) with first target around 150.
Trade Analysis based on Fundamentals and Price Action. With Risk management you Will Never Loss. Thank You.
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.