FSLR (First Solar Inc) has hit the first target, 28.66, for a quick 7.1% gain. Consider booking partial or full profits and/or raising stops if holding out for T2 or T3. Previous & updated daily charts:
The following notes & charts outline the entry criterion, price targets, suggested stop-loss and beta-adjust position size for a swing trade & long-term trade in FSLR, First Solar Inc.
I've been monitoring the solar sector in recent weeks as there are quite a few stocks that appears to be setting up for what could be potentially explosive rallies following a vicious bear market in many of these stocks. Early this morning in the trading room, I mentioned a couple of solar stocks that I've [...]
This video cover the following components of TAN (Guggenheim Solar ETF) in the following order: TAN, GTAT, CSIQ, HSOL, JASO, YGE, SOL, FSLR, TSL, JKS, SCTY, & SPWR.
The FSLR long bounce trade has hit it's one and only target for a quick 7.9% gain in less than 24 hours. Although this stock could easily continue higher, I'm sticking to my original trading plan of just taking the quick, oversold bounce off support and have booked profits. This trade will now be moved [...]
FSLR was a recent long (actually, the 2nd of two very successful longs) which I decided to close the trade early for a 48% gain. Luckily, we side-stepped this landmine as the stock has dropped 25% since that very timely exit less than one week ago today. For those more aggressive, nimble traders, FSLR looks [...]
Upon further review of the charts, I have decided to close the FSLR long trade early. The current FSLR long trade was entered back on Oct 16th shortly after closing a previous long trade on the stock for a 55% gain just two months earlier. As of Tuesday, this trade was up 58% from entry [...]