“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Straight to the point, looks like FSLR is forming a Bearish RSI divergence (where price is making higher highs, and RSI indicator is making lower highs). Additionally, RSI is also at 71.45 which is somewhat high (overbought).
Unless we break the marked white support trend line on the chart, the price should start making a downward movement to the support areas...
I am now moving into puts in FSLR as of this morning >look to move to a net short at 75 % in the money puts look at 2023 puts only .We should a rather large drop back to 100/115 easy
Uptrend
Another s/r level has been broken and it could be a good buying opportunity . Although the market sentiment is not reliable but this chart has proved that it can touch next targets.
IF SPY REACHES 389 TODAY, I'LL BE SHORTING THIS. Grateful this didn't dump on earnings. I think it will fall heavily thru November. Would look to stop out if highs get plowed through, which I doubt happens.
--Breakout from W pattern for base/support
--Stock drop 8% on ER, gain 1.5% in pre-market
--Look like there still demand for green energy
--ENPH has good ER and gain 9% on the open
--Indicate entry signal on ER.
--Could be high reward and high risk, because of ER was not that great, but not as bad.
Price is still above the .236 of the trend up.
This level seems to be support for now.
Short interest is around 4.9%.
Earnings are scheduled for Thursday after market closes.
Short for the longer term.
No recommendation.
Target 1 is in larger orange type followed by T2 and T3 which are in smaller type.
Daily Chart:
It is inside an uptrend clearly and in my idea, the last wave was a pullback to broken level. There is a good bullish candle (a hammer) in weekly time for being as a trigger for buying.
Sure sl can be around 113 and next target is 145 .
Thursday, 20 October 2022
21:15 PM (WIB)
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Intraday - We look to Sell at 121.86 (stop at 130.09)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. We look for a temporary move higher. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our bias remains bearish and further downside is expected to target support...
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Order SELL FSLR NASDAQ.NMS Stop 139.35 LMT 139.35 will be automatically canceled at 20230401 01:00:00 EST
FSLR daily bearish hammer at local high. This time stop loss goes above monthly resistance area and will run into MA 100.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
The W pattern appears to have ended at the 1.414.
Crooked Ws become bearish when the 4th leg ends.
1.414 is the square root of 2.
I can not find the name of this pattern but I am seeing quite a few.
Short for the longer term
No recommendation/price is still above the .236 of the trend up.
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
