Coming lower faster than I though, about -15% potential room below. > Avg volume on the drop today.
With some negative divergences showing up, FSLR needs to hold 30, to keep the uptrend intact.
Still tons of shorts to shake out. I'm not a believer in solar though. Just for the price action.
Despite everything bullish on $FSLR, I do believe next target is a dbl. bottom
Nobama trade. Table top. 20 day flattening. Today's pullback on lower than avg volume. 60m float. Not oversold. Potential run to previous highs.
Needs political support, too important to lose for US, but future looks bright.
it appears red wave (i) red wave (ii) and red wave (iii) are complete and we are working on red wave (iv) with red wave (v) still to come which will complete the larger degree blue wave 1. red wave (iv) looks like a triangle with waves d and e almost complete. once they are we expect a strong move to the upside that should carry to 28 or even further. on the...
Looking to take a scalp as it appears to flag out. Could see a test @ 26 and if that level holds, would provide a better entry.
Coming off a nice rally due to CEO change, seeing weakness near the 22 resistance level. Expecting a scalp opportunity here as long as $22 holds.
First Solar, thanks to the new CEO, will rise again.