First Solar Inc (FSLR) Possible bull flag. Watching to see if it breaks out of flag. If so, it could see 82.80.
FSLR trade ideas
FSLR Breakout Pick of the weekLove this stock. 6 RR ratio! FSLR has formed an ugly rectangle bottom with a potential parabolic breakout (notice the curve at the end of the rectangle. Volume looks good for continue breakout. Also, scroll down the time frames. Notice the stair step pattern. These are classic signs there is a buy accumulating large stock lots at one time. The broader market has not caught on yet, but once they do this stock will go thru the roof.
15 minute
Daily
What if I am wrong? Well good news, you can define your risk by the either the top or the bottom of the rectangle. If you are a little more tolerant of throwbacks, define your risk by the bottom of the rectangle. If you are less tolerant (like me), define it by the top of the rectangle. I choose the second peak because I wanted to give myself room for a little intra day volatility.
I would suggest doing a nice options calendar spread. Ill probably do one for this coming week, next month and probably end of year. We will have to see how they are priced. Then I can roll up or out as needed.
Look what FSLR did today - 40 pts from here, possible Breaking into multi years high here with vengeance. Major move last few months so momentum is with it.
Bull FlagRecent run was on good volume, retracing on lower volume. wait for a sign of reversal or the channel to be broken to get in
FSLR: First Solar IncWatching to see if it breaks the upper resistance or bounces and falls back to support at 61.00.
Long FSLRSet stop too close on previous FSLR Long. After stop being picked off FSLR surged. Bought back in on surge. As price continue to trend up continuing to increase postion size - stop set deeper at $58. Will move up stop each time price breaks out to new levels - will continue to set stop just below bottom of range from previous consolidation (before breakout).
Long FSLRFirst off it is in a clear long term up trend. Secondly, it has been consolidating for weeks now, and FSLR has shown a patter of consolidation and then a break out. Place a close stop at 58 if the consolidation breaks down. But projecting an eventual pop towards the 75 range. Great reward to risk ratio.
FSLR Long after PullbackWatch for FSLR to pull back from spike, if meets resistance around $51 and then an up trend re-emerges, go long. Set stop around $46 where underlying support.
Entry in purple I love the sideways action can break upward above purple line.
my risk set all the way down there. in red...
FSLR - potential breakoutIf FSLR breakout 50 USD and close there it could continue in one wave to 55 US. It breaks olso over 50 fibo. Reasonable stoploss would be 48,4 USD. For long term investors 46,2 USD.
FSLRShould stabilize and uptick for the next few months. I will buy any correction to $25-30 given the opportunity.
