FSLR April 5, 2014
April 5, 2014

Price amazingly hold inside a bullish wedge besides the sell off on Friday, Indicators are not only bullish but the bulls are strong with ADX at 29 and have room to navigate to my target $80 before earning report.


 
I will be watching Fibonacci $71.17 to enter long for a swing to the 80s.


March 20, 2014

Price breakout major Fibonacci resistance $58.42 and rally to resistance $71.17, support is at $65.28. The top of the uptrend channel is around $77, and indicators are showing that price can get there soon.


February 23, 2014

Price went near my target $58.46 and I took profits since We getting close to earnings report tuesday after market close and I dint want to take the chance, it was a nice bounce from the bottom of the channel and the exit near Fib resistance was perfect since the market is testing the top. Robust indicators are Bullish and strong but anything can happens on earnings.

The targets for Earning on FSLR are $65 for the bulls $42 for the bears, trade with caution bulls or bears can win this week.

February 16, 2014

FSLR Price breakout falling wedge with good volume (10% above 50sma) and breakout the 50sma and finished $0.13 cents above, the next fibonacci resistance is $54.44 but Price still needs a crossover from DMI directionals to fuel the bulls to my target $58.46. MACD is also bullish but needs to cross the zero line to fuel the bulls also. Overall price action is Bullish/Neutral but the breakout of the falling is a major technical catalyst for the bulls.

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