FSLR short trade setuplooking VERY extended here .... % distance above 50-day MA hasn't printed this high since May 2013. RSI also uncommonly high and loitering over 70 longer than normal.
decent short term setup for quick short play: to $116 ? After that, I could see it making a quick bounce back up to $129 that will shake out the shorts, then test $107 area? maybe more? unfilled gap at 77.5
raging bull case is also possible? ala 2007 scenario - rocket ship to the moon?
FSLR trade ideas
FSLR-SELL+++No doubt volume is low and it appears some form of control on the price of the stock with upside bias.
Gravity rules always, and the false bull flag shape and the overextended nature of the price action, suggest medium-term below $ 90.00 again.
Strategy SELL current $ 126-129 and take short-term profit @ 107 and for medium-term strategy take profit below $ 93.00.
Weekly ChartFolks are bullish on solar so be safe.
Bearish Alternate Shark which appears to have ended at the 1.113.
The other Shark end at the .886.
Weekly candle is a shooting star at this moment but bye golly, it touched that 1.113.
Candles are known to form a bottom shadow and not just a long top wick and then stay like that forever(o: This candle is known as a shooting star if it is at a top.
A long top wick can indicate resistance.
No recommendation.
Overbought on RSI.
EPS (FWD)
-1.24
PE (TTM)
68.76
Div Rate (TTM)
0
Yield (TTM)
0
Short Interest
4.91%
Market Cap
$12.97B
Maybe one day we will all have solar panel homes and drive EVs. Probably not this year though.
It rains all the time here so I do not know how I will live in my solar powered home one day )o:
Sun going down on $FSLR🔸️Ticker Symbol: $FSLR timeframe: 1D 🔸️3X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: $FSLR has a great setup; we have a rejected double top, way overextended through our regression channel. Money momentum is flowing out of the market, and we have a key EMA crossover! I will be looking for ATM puts expiring in Sep/ Oct.
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FSLR-SELL+++We are preparing for a large fall on this stock. We have a negative RSI (RSI below the RSI-MA) and we are extremely over bought
The strategy is SELL @ 115.00-119.00 and take profit on first objective 98.50 (FIB) and then re-sell once again higher levels. Ultimately we will see 91.20 > 83.75.
Short FSLR - Overdone rally from earning catalystOverall market rally seems way overdone and overhyped, although congress continue to press for stimulus bills on energy sector; still upside risk to reward does not warrant a long position at this point in time.
Rather, market's current rally are living on pro-longed extension from recovering CPI data to positive earning outlook to stock split. These catalyst seems to have very much been priced.
FSLR-SELL++++the stock is very overbought, and the "false bull flag pattern" and wide BB suggest we should see good short-term correction.
Someone showed me that historically it may not correct as much as we would wish for, but since we got this flag pattern, likely we should be able to get close to $ 92.00 FIB retracement level.
Strategy is to SELL between $ 112-120 and take profit near $ 94.75 for now.
FSLR-SELL++++The false bull flag pattern has been building for a while, and yes, this stock seems to have its high ups and downs within a large range.
The current state short-term and even the medium-term case is building, for a decline short-term to $ 93-95, and little longer view, we should be seeing back towards $ 80-85.
The RSIs are extremnely high as a note and gives good reasons to support this view, with a wide BB width as well.
FSLR-SELL++++This stock is also very overdone, and formed a gap as well. Normally, we should cover that gap, and also we can see clearly a false bull flag pattern, plus high into the BB and the price movement has been too steep as well.
RSI very overbought too. Strategy is therefore simply SELL current range 110-116 when seen and take profit @ 92.75 for now.
FSLR-SELL+++Excellent opportunity to see lower correction levels. The share price spiked strongly, and the ending of day a hammer top formed. The RSI is high and suggest a short to be the way to go.
Strategy SELL current 106.50-108.00 and add on increases every USD 2.00 on price. Profit objective 93.50 for now
First Solar LONG, ACCUMULATE , HOLD. Great investmentFIRST SOLAR (FSLR).
A company with 8,941.60 M of market cap.
Good prospects for LONG.
After 5 months of retracement from the price of $ 125 to a price of $ 62.5 with an approximate 50% correction we have seen these signals of LONG and open bullish positions.
1) Historically upward trend
2) RSI crossing UP 50%
3) Moving averages 100 and 200 aligned which are acting as a solid support
4) Support of the maximum 2019.
Our TP between $ 182 and $ 216, currently approximating $ 200
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First Solar (NYSE: $FSLR) To Benefit On Higher Oil Prices!🌞First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. It operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems. The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.