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First Solar, Inc. Message Board

  • thetechtraderca thetechtraderca Apr 1, 2014 8:12 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on FSLR at TheTechTrader site noting: First Solar, Inc. (FSLR) had an interesting day on Thursday, and we put a swing on it. When we saw the movement on it the last two times it spiked -- for example, it spiked, settled back for a few days, and then took off again -- we noticed a pattern. The last spike, which occurred a week, or so ago, came across resistance with a big price-volume surge, it settled back, tested the 10-day on low volume, and popped off the low from 67.18 to 70.50, and then pulled back to 69.75. It was only up 1.26, or 1.8%, on 5.7 million shares, but if it can get out of the wedge and run, it could get up to retest the highs at 75 short-term, and then the high 70’s as the secondary target. It could easily get up into the mid 80’s, but let’s see what Friday brings.

 
FSLR
63.11-2.47(-3.77%)Jul 31 3:59 PMEDT

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