FSLR trade ideas
$FSLR First Solar Channel Trade
FSLR has traded within a well respected channel since the march 2020 lows and
that channel may provide us with a bullish trade in the coming days.
We have set our alert for a break above $ 102 with the previous high
at $109.24 as out target in the short term.
Very long way to ATH, how far can we climb?Hi traders, this is my take on FSLR , I have no knowledge about fundamentals on this one, at all...
Always do your own DD .
Based on the historic view of the stock, we have some obvious fib. levels along the way that might cause some resistance and afterwards, some support.
I've tried to only estimate within the next year, and also the most bullish trend and levels that should be able to be hit within the next year.
Remember that this is a hot sector, beware if it reverses, but if it don't, we might see these levels with some market headwind in 2021.
Hope this can help whether to set up a play on this one or not.
Have a good day.
Potential Bull Flag BreakoutFLSR- Solar panel company with a lot of potential upside under a Biden presidency considering green energy is high priority for the Biden team.
This has potential to be a good short term play for a share swing trade or option weeklies ranging from 1-3 weeks out exp, play at your own risk. Long term this is still a great play in my opinion. For people looking to play short term- the only thing that is concerning to me is RSI is hot right now. Beyond that, the bull flag is clear as day and through the year, especially the last couple months, bull flags have had a very high win percentage for me.
Good luck traders!
Plotting a Trade on $FSLRI shared the $FSLR setup on the day I initiated my long position. Plotting the trade here through chart annotations as an educational post.
LONG FSLR , Cup handle supportFSLR has broke out the cup handle formation and now testing the breakout area... long 95-102 zone... stop 90 below daily candle...
Dont forget... Stop is your friend... TG upper fibs...
First Solar IncThursday, 24 December 2020
1:07 AM (WIB)
Cost Competitive
First Solar delivers an LCOE that is cost competitive with fossil fuels. First Solar technology delivers power during peak energy use smoothing costs for energy consumers against fuel-price volatility.
The Leader in Sustainable Solar Energy
First Solar provides the industry’s leading eco-efficient PV solutions which generate more energy at a competitive cost with the smallest environmental impact. We’re committed to sustainable PV manufacturing, responsible construction practices and minimizing the environmental impacts of our products across their life cycle, from raw material sourcing through end-of-life recycling.
Related Links:
www.firstsolar.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
$FSLR Long term break out on First SolarThe monthly chart shows this stock has broken out of its almost 10 year base
FirstSolar : trend continuesSolar industry companies are expected to benefit from Biden as President.
Tax subsidies are going to be extended to 2025 which should generate more revenues.
#FSLR is well positioned in the sector with P/E more reasonabl than of some of other players in the industry.
Iis likely to continue in wave 3 of (3) with first target around 150.
$FSLR #CupandHandle SetupStrong bounce from 50 MA which potentially aligns with the completion of the the cup of a cup and handle pattern. Looks good here.
First SOlar w49. Long from 84 to 110Monthly
Breakout of pattern
Uptrend
Weekly
Uptrend
Correction 0.5 Fib
Daily
Wait for RSI on buy zone.
Open 84
SL 79
TP 110 and 120
RR 5
$FSLR #CupandHandle breakout setupGet this on your watchlist. Possibly working on its handle for a breakout setup.
FSLR on watchWorking its way to new highs. Long above the box to dotted line targets. Risk is a close below box.
FSLR Long StratLiking FSLR's mission, esp w Biden this company has potential. It seems to be strongly holding the levels plotted - January calls could work above 90.70 or on a bounce of the 86.45 level
$FSLR Biden playFSLR long @ $82
Short term target: $92.37
2021 target: $139
Stop: $78.5 (50% retrace)
Support: $73.95 (61.8% retrace)
In some $85 call weekly lottos for .50
First Solar.w46. Long after deep correction. 75 to 100$Monthly
Possible breakout from rectangle formation.
Need to be retested and then long.
Bullish Gartley formation
Weekly
Uptrend
Strong sells reaction
Daily
Seems like breakout retested.
Wait for confirmation that correction ended and open LONG
Open 75
SL 70
TP1 100 RR 4
TP2 110 RR 6
FSLR - Elliott wave analysis - Bear case FSLR - It is in C wave down in flat correction after impulse cycle over in 4 hr time frame. The ABC flat is in 30 min time frame. Wait for 2nd subwave bounce to get in to trade for 3rd subwave down with stop level above 95.60.
Give thumbs up if you really like the trade idea.
FSLR: Technicals Not So Bright For This Solar StockChecking FSLR we can immediately see a warning signal from our CDV indicator at the bottom of the chart. Since Oct 7th, we've been on a down trend indicating the bulls are really losing momentum and the bears may be ready to feast. This is a bit of surprise since they had a big earnings beat only two weeks ago.
On top of our CDV divergence it looks like we also have a possible head and shoulders pattern inside of our broadening wedge. If you view the 30-minute chart the head and shoulders becomes a bit more clear.
To me this chart looks technically bearish but considering their recent earnings report & a biden presidency, this stock does have catalysts go up.
If the bulls aren't able to step in and keep control of the current trendline, we may find support between 76.50 and 80. That would be an important trendline the bulls cannot lose.
NASDAQ:FSLR
