StocksNCash

NEUTRAL on FSLR Bracket trade!

BATS:FSLR   First Solar, Inc.
0
So this one could break in either direction, however, the last 4 days are forming what I would consider a bearish flag/pennant. On a bearish break, I would get in on a close below 44.30. If you want to be more aggressive, you can get in on a close below 45.50. While I believe this is going to continue bearish (notice the declining volume), if you want to go bullish, you could get in on a close above 46.80 with a target of 49.95.

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