First Solar looks to be forming a bullish flag
Started by
Costa
, Apr 13 2008 09:14 AM
7 replies to this topic
#1
Costa
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Posted 13 April 2008 - 09:14 AM
The stock looks to be forming a bullish flag here. Buy point is on the day it breaks the upper line on heavy volume.
Costa
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#2
mogreen
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Posted 13 April 2008 - 10:10 AM
I agree that the pattern looks bullish, BUT it blew off on very big volume after Cramer recommended it both Dec and a week ago. next major move is on earnings. Barrons this issue is very favorable to it. it might go up a little but i think we go down big after earnings.
#3
CHAx
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Posted 13 April 2008 - 01:03 PM
My plan would be to buy a close above 291.5. Your thoughts?
#4
jack
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Posted 13 April 2008 - 01:16 PM
diogenes227 has been trading this (watching nasi) for a while.
You can see his thoughts and charts on swingwave board
#5
Costa
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Posted 13 April 2008 - 02:55 PM
My plan would be to buy a close above 291.5. Your thoughts?
Yep, could be the best option.
Costa
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#6
cgnx
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Posted 13 April 2008 - 04:36 PM
I see this baby tanking hard.
If it can be cornered, it will.
#7
diogenes227
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Posted 13 April 2008 - 05:44 PM
Yeah, this 270-pound gorilla can do whatever it wants, but it's just had a 38 percent runup and now the Nasdaq Summation has turned against it. As long as the summation is declining I'm looking to short failures of support and any bounce that stalls.
Maybe the story will be different by 291.50 but going long now? As they used to say on Hill Street Blues -- "Be careful out there."
http://stockcharts.c...3391&r=4061.png
Maybe the story will be different by 291.50 but going long now? As they used to say on Hill Street Blues -- "Be careful out there."
http://stockcharts.c...3391&r=4061.png
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#8
cgnx
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Posted 13 April 2008 - 08:13 PM
A retest of the 50 day avg seems imminent. Watch for the break below 265 then short.
If it can be cornered, it will.
