FSLR Almost Ready For Takeoff
First Solar looks ready to pullback as it runs into a resistance area. A move below 46 will target the blue box at 45-44.5 with the possibility of 43. This stock has the potential to be over 60 by September, so I will be watching closely for confirmed support on this one. I love trading this stock and here is the daily chart
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.