Long

Time to buy FSLR? - Lets review it

Updated

Everyday, I check few stocks which are on my radar and draw graphs/patterns. Today, I found that FSLR falls in the pattern and is a good buy opportunity.

Based on the sideway pattern, the first target would be around $241-$245. And if the stock goes more high with good earnings, then the next level would be around $263 level. Most of the stocks I do are swing trades and get out of it when i reach my target (which is around 10% - 15%)

This graph is based on my observations. I encourage you to conduct your own analysis before investing or trading any amount in any stock.

Thank you

Note

Based on the candlestick patterns, FSLR has been heavily shorted but still aligns well with our pattern. Yesterday, it had a good pump, but it was shorted during market hours.

With earnings coming up in a few days, I advise against buying or selling right now—just hold. Earnings days are always volatile.

The RSI is well below 50, indicating a potential upside movement in the short term. However, let's wait and watch the earnings call closely. Also, keep an eye on the pattern.

This graph is based on my observations. I encourage you to conduct your own analysis before investing or trading any amount in any stock.

Thank you

Note

Yesterday, the stock saw a good upward movement. Now, let's wait for the earnings report on Tuesday.

Fingers crossed, let's stay positive and hope for the best.

Thank you

Note

So, the stock gave a good earnings report. Our first TP1 would be around $242. Time frame around 2-3 weeks, lucky if it happens before that.

This graph is based on my observations. I encourage you to conduct your own analysis before investing or trading any amount in any stock.

Thank you

sumanthduthu

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