FSLR Bullish Bias - Descending wedge into broken resistance

Panjang

First Solar, Inc. (NASDAQ:FSLR)

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NASDAQ:FSLR First Solar, Inc.

wedgepattern supportandresistance fibonacci

FSLR looking bullish here. Larger price action on the weekly seems to be in an ascending triangle. Price right now has broken resistance beautifully and is retracing in the form of a descending wedge for a retest. If support holds expect a nice reaction up to our targets. Can buy on retrace, ladder in from now or wait for confirmation. Manage your risk and use an appropriate stop.

Target 1 = 67

Target 2 = 74

Happy Trading

Dagangan aktif:

Didn't quite hit the optimum buy zone but still moving up nicely

Penafian

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