Just a quick note on FSLR, which has traded as one of the more technically loyal/predictable stocks for the past year:
FSLR's price action is getting jammed into a wedge pattern--the upper and lower bounds of which happen to be the 100- and 20-day MAs. A breakout is about to happen...
With the Oscillator (SStoc) holding support and having crossed in an uptrend yesterday, FSLR is about to break to the upside. MACD Divergence reversed a downtrend and crossed to resume its uptrend today as well. Plus, The way the wedge is constructed, the shorter-term 20-day MA is about to cross up through the 100-day, a bullish move.
1st resistance- 160
2nd resistance- 175
I'd absolutely cut losses at support of 146.
Disclosure: Long FSLR
FSLR in a Wedge
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