Last week, we posted that if price moves $33.7 the stock was a good short candidate and it did but noted tat if price violates the rising support uptrend price will fall back to August high $26.3 area which is now a support. Join us www.woowtrading.net
Stock was a good buy candidate but recent price activities may suggest the top is not far and ready to roll back to August low last year $26 the rising bearish channel is suggesting even lower price target $20. If price holds one more time $32.3 area moves above last year high, it suggests more higher price is coming. A few areas of interest now, what carefully...
Target areas have been highlighted. Important supports and resistances have been drawn,
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...