the FLSR long still looks good for now. yes, it’s down over 4 1/2% but that’s not unusual considering how much it was up yesterday. i’m still holding the shares that i took home last night and my preference is that FSLR remains above this support level that i’ve added to the 60 minute chart below. a break below that level and i will likely sell most, if not all shares and move the trade to the completed trade category where i will once again watch it for another possible entry. longer-term investors that own the stock might give it some additional room on the downside as the stock may be in the volatile process of trying to pound out in a bottom. so far, we have a higher low on the stock so for a longer-term trader, consider a stop below the recent lows around the 20.50 area, which will negative the possibility that a new uptrend has begun (higher highs and higher lows).
