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
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:
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...
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.
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 one is Skyscraping!
There is a diversion between price and RSI. This will correct at some point.
Price is above the .236.
No recommendation.
Price sits above a long and rickety looking ladder and one could possibly call it a Bull Flag up there.
When this falls, it may fall hard. But the market is still pumping today so who knows?
👉Name is holding great through the market sell off
👉The RS line up is showing outstanding relative strength
👉Volume indicator we see a bunch of green and blue (bullish) bars highlighted and not much red and purple (bearish).
👉 Stage 2 indicator is showing early turn and key MAs are starting to point up
Not at a buy point yet but definitely a great candidate to watch!
My idea is about NASDAQ:NVDA and NASDAQ:FSLR . Two very different companies with respect to market capitalization and products (at least both are semiconductors industries). But there is the funny fact, that - at the moment - the prices for both are about the same and one could trade NVDA for FSLR or vice versa. Momentum for FSLR seems to be stronger than that...
3 attempts so far to break that high and so far, none were successful. This could change cos everything does.
.I do know folks will ride a high. But not forever.
For those who are looking to invest longer term, this may not be the one for you.
The party will end.
Securities even above the .382 fib level, much less the .236 fib level, would be risky to me if...
A large ascending triangle has formed on FSLR
Ascending triangles usually break out bullishly
I expect a retest of the upper trend line post breakout (white line)
Following this price can moon
