As a follow-up to the Solar Stock Trade Setups post from April 4th, the majority of those trade ideas have exhibited very bullish price action, which I'll update below along with some additional long-side trade setups in the solar sector. SPWR (SunPower Corp) has rallied over 41% since posted as an aggressive long trade idea [...]
FSLR (First Solar Inc) gapped beyond T2, opening at 32.47 today where any standing GTC sell limit orders at 33.47 would have been filled. As any sell limit orders at 31.92 would have been bypassed & filled at the open, T2 was revised to 32.47 for a 21.4% profit as the final target for the [...]
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 [...]