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 trade ideas
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.
Nice Inverted Head and Shoulder on the week basis on FSLRNice Inverted Head and Shoulder on the week basis on FSLR. Final target between 48.50 to 49.70 let's see what will happen!!!
Short PutFirst Solar Earnings tonight, IV is juiced.
Aug 18 $40 put for $.88, offering 2.2% ROC here.
First Solar for limited profitFirst Solar has formed a cup & handle pattern with nice opportunity to go long now. If a long position is taken and the price goes up, profit should be taken at max. 50. There is a long-term resistance formed at around 50. With Trump's energy opinions, this clean energy solution will likely reverse at 50 to continue its long term bearish trend.
First solar is a long opportunity -target at 38 UsdStock is moving upwards in a smooth way. There is room until 38 Usd at least.
Increased volumes are associated with long white candles. This gives us more confidence about the outcome of a long strategy.
Suggested trade: LONG. Take profit at 38 Usd
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