First Solar update (FSLR)

FSLR broke through intraday upward sloping trendline and is now back below $117.77 support.  Phew….

Short First Solar (FSLR) @ $115.10

Short First Solar @ $115.10 after noticing the stock break new support levels and making a new technical resistance every time the support breaks.   

On the Intraday, FSLR has broken another support level although a minor one @ 117.  Stop buy to cover @ 114.  Target price of $100. 

Went long First Solar (FSLR) again yesterday

Forgot to update my positions yesterday because I had other errands to do the minute I was done with the market.  Went long FSLR yesterday @ $125.61 for another final try after noticing the stock react nicely on the $123.56 trendline after a false breakout on August 21st, 2009 which forced me to sell.   Stop loss still placed @ $123.56 with a short term price target of $140.48 but I might also sell if it only retests the blue trendline. 

Added more First Solar (FSLR)

Added more FSLR @ 130.14 to my position after seeing it hold above the trendline today above $130.00.   I hope this will be the final stages of the sell-off as stochastic and MACD are signaling that its oversold. 

Bought First Solar (FSLR) @ 146.77

Bought FSLR @ 146.77 after noticing  the stock able to hold support @ #139.48 today.  Hopefully this will rally big to 176 at least.  But this stock will face many technical resistance along the way, so will keep an eye on how the stock develops along the way.  Stop loss placed @ 140. 

First Solar (FSLR) also on my list of targets

It looks like it still has a little more downside to go.  Looking to enter @ the 138.28 is the first level to look at.  If that breaks $128 should be a strong resistance point. But the 200DMA is flattening out and may be a strong point of support.  Will look at tomorrow to see how the stock reacts to that 200DMA.