F3A trade ideas
First Solar.w46. Long after deep correction. 75 to 100$Monthly
Possible breakout from rectangle formation.
Need to be retested and then long.
Bullish Gartley formation
Weekly
Uptrend
Strong sells reaction
Daily
Seems like breakout retested.
Wait for confirmation that correction ended and open LONG
Open 75
SL 70
TP1 100 RR 4
TP2 110 RR 6
Very long way to ATH, how far can we climb?Hi traders, this is my take on FSLR , I have no knowledge about fundamentals on this one, at all...
Always do your own DD .
Based on the historic view of the stock, we have some obvious fib. levels along the way that might cause some resistance and afterwards, some support.
I've tried to only estimate within the next year, and also the most bullish trend and levels that should be able to be hit within the next year.
Remember that this is a hot sector, beware if it reverses, but if it don't, we might see these levels with some market headwind in 2021.
Hope this can help whether to set up a play on this one or not.
Have a good day.
Potential Bull Flag BreakoutFLSR- Solar panel company with a lot of potential upside under a Biden presidency considering green energy is high priority for the Biden team.
This has potential to be a good short term play for a share swing trade or option weeklies ranging from 1-3 weeks out exp, play at your own risk. Long term this is still a great play in my opinion. For people looking to play short term- the only thing that is concerning to me is RSI is hot right now. Beyond that, the bull flag is clear as day and through the year, especially the last couple months, bull flags have had a very high win percentage for me.
Good luck traders!
First Solar IncThursday, 24 December 2020
1:07 AM (WIB)
Cost Competitive
First Solar delivers an LCOE that is cost competitive with fossil fuels. First Solar technology delivers power during peak energy use smoothing costs for energy consumers against fuel-price volatility.
The Leader in Sustainable Solar Energy
First Solar provides the industry’s leading eco-efficient PV solutions which generate more energy at a competitive cost with the smallest environmental impact. We’re committed to sustainable PV manufacturing, responsible construction practices and minimizing the environmental impacts of our products across their life cycle, from raw material sourcing through end-of-life recycling.
Related Links:
www.firstsolar.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
FirstSolar : trend continuesSolar industry companies are expected to benefit from Biden as President.
Tax subsidies are going to be extended to 2025 which should generate more revenues.
#FSLR is well positioned in the sector with P/E more reasonabl than of some of other players in the industry.
Iis likely to continue in wave 3 of (3) with first target around 150.
