10/31/21 FSLRFirst Solar, Inc. ( NASDAQ:FSLR )
Sector: Electronic Technology (Electronic Components)
Current Price: $119.59
Breakout price trigger: $118.00 (hold above)
Buy Zone (Top/Bottom Range): $117.40-$111.50
Price Target: $113.00-$135.50 (1st), $175.40-$178.00 (2nd)
Estimated Duration to Target: 21-23d (1st), 78-84d (2nd)
Contract of Interest: $FSLR 11/19/21 120c, $FSLR 1/21/22 150c
Trade price as of publish date: $5.70/contract, $2.07/contract
FSLR
Solar Energy descending-triangle BreakoutSolar energy ETF is currently breaking out of a descending triangle.
There are multiple resistance levels to take into account. However, a measured move from the current break of the triangle, is taking us to $113 approximately, which is my mid-term target.
MACD has been uptrending while the price has been downtrending, the divergence is bullish signal for this breakout to hold.
The MACD histogram has also been positive for the divergence period.
Volume still needs to improve.
FirstSolar : trend continuesSolar industry companies are expected to benefit from Biden as President.
Tax subsidies are going to be extended to 2025 which should generate more revenues.
#FSLR is well positioned in the sector with P/E more reasonabl than of some of other players in the industry.
Iis likely to continue in wave 3 of (3) with first target around 150.
First Solar.w46. Long after deep correction. 75 to 100$Monthly
Possible breakout from rectangle formation.
Need to be retested and then long.
Bullish Gartley formation
Weekly
Uptrend
Strong sells reaction
Daily
Seems like breakout retested.
Wait for confirmation that correction ended and open LONG
Open 75
SL 70
TP1 100 RR 4
TP2 110 RR 6
TAN: Huge topI think we are seeing a massive top in many stocks, solar looks specially vulnerable and it's one of the sectors I'm short of.
If it doesn't break over today's high going forward chances are it is dropping all the way back down...We would need a Biden victory, or a tax law change for this to come to pass though (oil dropping would also help, or subsidies going away).
Oil itself flashed a long term short signal this week, so I like this idea a lot here.
Best of luck,
Ivan Labrie.
FSLR Support and Resistance- WatchlistNASDAQ:FSLR is a leader in the solar industry which will likely become a leading industry. I like this stock to begin pulling back after having a great start to the month. After this consolidation (watch for a bounce off 75.73) I believe that the upside is great. Break in 81.85 would likely lead to a test of 87.89. Earnings will play a big role in this and a beat or an upgrade could lift this stock greatly. Not seeing any outstanding patterns on the chart and most indicators are showing a downside.
FSLR: support / resistance levels.Against the background of a strong decline in stock indices, prices may decline to the area of long-term support level 28. A breakdown of the long-term resistance level 81.50 could lead to a sharp rise in prices to area 133. Especially if the company receives additional subsidies from the state or private investors.
FSLR - This is what I expect to happen with TSLAWe are no doubt in a bubble when a company like NKLA with no income is worth $20B which is basically the same market cap as Ford. The electric vehicle pumptardedness reminds me of the solar craze a (long) while back. Look at FSLR, it went completely pumptarded then lost 97% before recovering. It took 4 years though, so if you're shorting TSLA, you better be patient, lol.
Just a warning for people who think bubbles have to collapse immediately. It just doesn't work that way sometimes.... especially when the Fed decides to inflate the bubble instead of collapsing it. I miss Greenspan, lol.
VSLR Long ideaI like the solar sector here. I own RUN. I think VSLR will breakout higher from this flat top resistance. Volume has been good and price is aligned above the supporting moving averages.