FSLR34 trade ideas
FSLR facing resistance above this level?Hitting upper level of the channel, previous level of resistance just above it. Could go down and follow the path to the lower line of the channel else a breakout to 74-76 range.
Weekly Options Play With FSLR and SCTYLooking at these two charts, it's hard to dispute that there's a relationship between the micro-trends of $FSLR and $SCTY. They're in the same sector, so similar macro-trends are visible; within that sector, they are competitors in several ways so if one goes up it makes sense that the other would go down on a micro level.
The yellow lines are the most recently established R1 and S1 levels of $FSLR if April is included up to today...I included them to show that this most recent peak didn't even reach it, so the unusual volume that drove the price up on its' most recent spike took it to territory where it doesn't really belong (low volume has been sustaining it if you follow the chart down).
Most analysts, most notably those at $GS are expecting a stronger earnings statement and guidance from $FSLR than from $SCTY. So not only is there a natural technical reason for $FSLR to go down, but there's also analyst sentiment reasons for Solar City to go up this coming week and FSLR to drop.
Long story short, I'm buying weekly SCTY calls and $FSLR puts.
FIRST SOLAR ZONES We are expecting their earnings in the coming days. Here are my trading zones. You can switch to a longer time chart i did some drawings in the All time and 5y
Hope it helps you ;)
FSLR ... rdy for a pullback?The stock is in a uptrend so shorting this will be a high risk trade.
However, we see that in the last 5 days, the volume has been decreasing and the candles have been shrinking in size.
This is a possible hint that buy interest @ higher prices is weakening.
Also note that today we have a nice bearish engulfed pattern. Any bulls that bought yesterday are now in pain. this could possibly help drive the price down.
Therefore, I am thinking this could be a possible intraday short tomorrow. Some good targets would be $70 and of course $68.
FSLR: Accumulation Leg Start RetestSupport at 48 must hold and previous support at 50 must be regained to bring price back to leg start retest around 54.
Very Bullish on FSLR.236 speed line support, Bottom of long-term pitchfork, and double bottom off of .5 retracement. Don't really like the company but really like the chart. Also some divergence in RSI and second attempt of bullish MACD crossover.
This offers both scenario nowFrom the last trading sessions, I was looking if the price would go to 58.15 as invalidation level to be extremely short this stock. But then the price has been traded inside of downtrend channel which kept me from buying this.
I still think this looks constructive to the upside but it hasn't offered opportunity to go long just yet.
Instead if the price doesn't break the downtrend trendline and just drops making another leg lower, I might consider to sell the bounce to the previous range bounce at resistance level 55.98 and loo for 49.29.
The reason why I am not really buying this short side is the fact that the RSI hasn't been showing me the strong selling signal and the length of the decline is not showing promising extreme decline at this moment. Will be watching closely if there's good setup for both sides
Decline seems not being supported by volumeI'm gonna look to buy since there's no strong selling on the decline.
It's moving on its channel so I'm gonna look to buy
I'm gonna switch my bias when I see big selling volume decline and price is breaking 48.65 in impulsive manner and out of the channel
FSLR looks great for the short-termPrice Entry: $55.68
Stop-loss: $52.91
Price Target: 60.20
This week might be a deciding factor on the future of FSLR. This stock is currently just over the S1 Pivot Point and the 54% fib line. From December 5 to December 12 the stock tanked 12% on lowering volume. This shows that everyday there was less selling pressure which gives us a bullish sign. After these days the stock has begun to go up again on increasing volume. The price is just under the 50 SMA which served in June and July as a resistance level. The stock has to cross over this SMA to continue its uptrend. My stop-loss is just under this 54% fib line and my price-target is at the Pivot Point. There is a great deal of bullish sentiment going around the social networks(twitter and stocktwits). I am long this stock for the short-term. There is a possibility that I am also bullish for the long-term but I still need confirmation.
Check out the full article tomorrow at fonzotrader.com
FLSRShould be hitting support at 56.40, the closing high in June, and the 50SMA getting close. Decreasing volume on sideways price action, which is bullish after such a big run-up. Also got the NASDAQ hitting its support trendline Thursday and a good day Friday. Possible uptrend next week with a new high. Fibonacci retracement isn't giving good areas of support. Looking to buy when the price breaks 56.4 and finds support on an intraday chart. Ignore Fibonacci retracement.
FSLR (Weekly)Looks bullish as it has been trending higher w/ solars.....if it breaks 65 level then it could go to the tgt.#1=90 level
FSLR Breakout On Multiple Fronts Suggests Higher Prices in 2014FSLR looks coiled up and ready to spring up into the $80-$100 range soon.
It has already broke out above the Cup and Handle pattern, as well as the Head and Shoulders pattern created by the weekly closing values and just retested that line.
