FIRST SOLAR Strategy DailyHey people, FIRST SOLAR is in a fake bearish movement and large purchase volume issued and an ongoing bear shadow. On the TIMEFRAME 1Min we see a doji with a sales volume and a bull wick. Who goes on his last next point then start again on his climb and break the VWAP. Big possibility of returning to the next highest and coming to the next high. See the TIMEFRAME 4H then move towards a resistance of 2011, to break a long term range.
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FSLR trade ideas
$FSLR (DAILY) - Cup and Handle Breakout$FSLR ( DAILY)
Cup and Handle breakout
9 day EMA just crossed 21 day EMA and 50 day MA
Steady increase in volume
Following volume rules of cup pattern
Gap on 17th Sept filled on 5th Oct
RSI > 60
Stochastic >70
Buy above height of cup 79.16
Target of $18 being height of cup or $6 dollars as 2 * ATR
Stoploss at $70 levels as cluster support and 9 day EMA
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.
V Bottom/Morphs Along the WayEarnings are 8-5 but double check that
I see a pull back coming/was in rising wedge several weeks ago/pierced bottom trend line/recovered/Maybe a pull back to 49ish but who knows?
FSLR is not a consistent earnings beat
Maybe they will, but if they do not, I would expect a long fall. Been there and done that! If they beat and received well..who knows??
I forgot to check earnings date for this one a while back. I learned from my mistake and will not do it again. Every stock can miss..or they can beat and go down anyway..tis a gamble
Not a recommendation
First Solar Inc. (NASDAQ: FSLR) Short TermFirst Solar Inc. (NASDAQ: FSLR) saw short interest slip by 7% to 10.4 million shares. That represents about 13.7% of the company’s float, and the days to cover figure remained at eight. In the two-week short interest period, the stock’s share price soared by 25.8%. Its 52-week range is $28.47 to $78.54, and it closed at $77.37 on Tuesday, up by about 1.1% for the day.
Src: 247wallst.com
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 $20B which is basically the same market cap as Ford. The electric vehicle pumptardedness reminds me of the solar craze a (long) while back. Look at FSLR, it went completely pumptarded then lost 97% before recovering. It took 4 years though, so if you're shorting TSLA, you better be patient, lol.
Just a warning for people who think bubbles have to collapse immediately. It just doesn't work that way sometimes.... especially when the Fed decides to inflate the bubble instead of collapsing it. I miss Greenspan, lol.
First Solar - Breakout$FSLR
First Solar - nice cup and handle.
Still i will wait for rectangle box breakout
Yesterday good green bar with good volume.
A but above 54.5 high in June.
A good 15 to $ move possible.
A high beta stock.
Falls at same speed as it rises.
Be careful.
One of my personal likes.
Have traded from 20 to 200+ back to 20.
Warning:
Do not get emotionally attacahed top stocks.
Bull FlagFSLR looks like it was waving a bull flag
Earnings are 8-6 AMC and it seems FSLR has an issue at earnings.
The stock has fallen out of it's rising wedge and the 5 crossed the 10 from below yesterday
The long term moving averages: the 50 has crossed the 100 but the 200 is still on top
Monthly candle looks good
Not a recommendation at all but my stop would be at 46
Not a super volatile stock but have seen it fall like a knife after earnings
Be safe!
Nearing a crucial pointFirst Solar last released its quarterly earnings data on February 20th, 2020.
The solar cell manufacturer reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by $0.85.
The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.86 billion
The good note: Its quarterly revenue was up 102.5% on a year-over-year basis.
Symmetrical triangle, indecision pattern, could go either way. wait for a break of support.
Moving average crossover, could imply further move down, lower support is at 26$.
FSLR: buy opportunityThe future belongs to stocks related to the climate theme.. here is one them: First Solar.
It is involved in designing, manufacturing, marketing, and distribution of photovoltaic solar power systems and solar modules.
Joining bulls around 52.9 price level with 49.1 S/L and 65.3 T/P level provides decent R:R (3.26).
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BUY First Solar Now (~$50)Big future awaits solar energy, so everyone understands this and therefore investors won't give up on this stock.
Long-term growth perspective is huge.
Thus, you can buy the stock now at it's lows and hold it untill the good times.Don't track it everyday, save your nerves. FSLR may at least double it's current price.
But you can take advantage of the future growth in short term trade:
Buy @ +-$50
Short stop @ $49
Take @ ~$59
Be aware, that there is a high probability to trigger your stop due to the coronavirus fears and economic or polytic impact, but still it worth it.
Have a good luck!