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FSLR Price Targets Hit, Closing L/T Trade Early for a 35% Profit

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 Swing Trade. Due to the quick profits & fact that FSLR is now very overbought & likely to experience a considerable pullback before the original Long-term Trade final target (38.35) is hit, I am revising the final L/T Trade target to current levels, 36.00, for a 34.6% profit. Previous & updated daily charts:

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2 Comments

  1. joefriday May 3, 2017 12:34 pm at 12:34 pm

    Nice trade!

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  2. schooner May 3, 2017 3:26 pm at 3:26 pm

    Great trade Randy, congratulations!

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