FSLR looks great for the short-term
Price Entry: $55.68
Stop-loss: $52.91
Price Target: 60.20
This week might be a deciding factor on the future of FSLR. This stock is currently just over the S1 Pivot Point and the 54% fib line. From December 5 to December 12 the stock tanked 12% on lowering volume. This shows that everyday there was less selling pressure which gives us a bullish sign. After these days the stock has begun to go up again on increasing volume. The price is just under the 50 SMA which served in June and July as a resistance level. The stock has to cross over this SMA to continue its uptrend. My stop-loss is just under this 54% fib line and my price-target is at the Pivot Point. There is a great deal of bullish sentiment going around the social networks(twitter and stocktwits). I am long this stock for the short-term. There is a possibility that I am also bullish for the long-term but I still need confirmation.
Check out the full article tomorrow at fonzotrader.com
Stop-loss: $52.91
Price Target: 60.20
This week might be a deciding factor on the future of FSLR. This stock is currently just over the S1 Pivot Point and the 54% fib line. From December 5 to December 12 the stock tanked 12% on lowering volume. This shows that everyday there was less selling pressure which gives us a bullish sign. After these days the stock has begun to go up again on increasing volume. The price is just under the 50 SMA which served in June and July as a resistance level. The stock has to cross over this SMA to continue its uptrend. My stop-loss is just under this 54% fib line and my price-target is at the Pivot Point. There is a great deal of bullish sentiment going around the social networks(twitter and stocktwits). I am long this stock for the short-term. There is a possibility that I am also bullish for the long-term but I still need confirmation.
Check out the full article tomorrow at fonzotrader.com
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