FSLR trade ideas
FSLR inverse H&SLooks like a large inverse H&S forming. Long position opened. Fundamentals also strong right now. Buy order placed at current levels. Target $120, about 60% if it works out. Need to see if the pattern plays out first obviously. Tight SL in place. Good Luck.
FSLR Bullish Bias - Descending wedge into broken resistanceFSLR looking bullish here. Larger price action on the weekly seems to be in an ascending triangle. Price right now has broken resistance beautifully and is retracing in the form of a descending wedge for a retest. If support holds expect a nice reaction up to our targets. Can buy on retrace, ladder in from now or wait for confirmation. Manage your risk and use an appropriate stop.
Target 1 = 67
Target 2 = 74
Happy Trading
$FSLR ***First Solar shines bright today on upgrade***No need to rush into this but it looks very much a long, currently held by resistance and maybe due a slight pullback. Goldman Sachs has added the stock to its conviction buy list with a $75 price target.
Price pushing through resitance Price pushing through resistance. 9/20 MA cross. Bullish and has room to run
BULLISH: First Solar, huge potential returns but be patientSolar is not baseload energy, however, it is now the cheapest form of electricity.
Question.. (educational)Hello all, I'm relatively new to TA and I was wondering if the area I outlined with the red lines was showing any sign of 'iceberg' play? I thought of it because of two things, the length of time spent at the new price range and the slight jumps, indicated by small triangles, seen earlier on during the possible play? My current understanding of the iceberg methodology is to have the time-frame rather large and to 'create' these small spikes to further stoke the plateau. If I am wrong please don't hesitate to say so and also please include why and what kind of indicators I should look to for confirmation/rejection of the idea. Also I understand that TA includes going back to the financial records from the quarters involved, especially when looking at such a larger range of time. Are there financing indicators I should look for in those reports such as those found in the 10-Q?
Let me be clear, I do not actually suspect this is in play, nor am I anywhere near upset/conspiring. I am only asking this to learn more about such a maneuver and what kind of things trigger more serious consideration of it than those that my novice eyes can spot. Any contributions appreciated. Thanks!!
Green For The Rest Of The Year.As you can see the price is at a strong support, plus you see a clear Bullish divergence on the RSI and CMF indicators.
Possible FSLR Short Term UptrendNASDAQ:FSLR has tanked lately do to China cutting incentives for solar energy in the rest of 2018. The market has reacted to the news and now the stock is very oversold. My outlook is for the stock to climb back up because of the strong volume shown in the last trading day.
Share your opinion, comments and questions. Good Luck!
I will keep updating this post.
$FSLR - Went to my magic 8 ball for this one A while back sometime after the intense plummet in price I remember this ticker (somewhat) expecting a dead cat bounce - never really even got that lol. Like plenty of other people I'm sure, I lost some $$ with this one. What was even more frustrating was the fact that CEO probably was more bearish on his own stock than other bears were (multiple, multiple insider transactions selling mad often). I kept it on watch more-or-less just because I wanted to see how the chart would play out since, so long after consolidation there HAD to be some technical catalyst for a breakdown / breakout - important to note though, despite how far the price plummeted, I wouldn't consider it in a down-trend unless 180WMA was below both 193 low EMA & low 315 EMA. Wasn't too long ago I found a few comparisons to go off of where price plummets (typically, big gap down is involved) but sits in consolidation right on major support / downtrend considerable ranges until the "curve" of lows is capable of making new highs (since price hasn't done anything but consolidate after a major move). The 55 low MA (the "Curve") & its placement / degree @ an angle is more of a leading indicator than a lagging one for me. Acts differently in every which setup I see, but I'll leave the examples I found to clarify where I'm coming from. The red lines in all 3 charts act as a countdown until the "Curve" slopes up (either candle before the gap down, or candle that breaks support of the previous price range). Not that price breaks out RIGHT after, but you'll see in both examples there's a steady increase before the obvious breakout of that consolidation is made clear. BUT, like I said, this is the magic 8 ball. Not my most reliable setup, but not TOO much of a coincidence to potentially see. Fib re-traces are all different since this isn't the chart I see all the time, but long story short - up-swing ends up around 127% if not where the white curve started to slope down-ward in the first place.
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Ex. 2 -
FSLR- BIG ER play FSLR will go up tomorrow on its ER, the stock has been going through the accumulation phase on the monthly weekly and daily time frames. This sets them up for a perfect explosion for this ER. In addition, the RSI is fairly low and the 8 EMA is holding as support. Furthermore, the volume is stable showing that the accumulation is getting charged up and ready to explode.
Hammer TimeNice buying pressure came back today forming the Hammer candle. Should be getting a pop soon.
