First Solar, Inc (FLSR.NASDAQ)

18 December 2018

Technical Summary: Disappointingly for shareholders of FSLR or believers in the solar boom the stock of FSLR is currently trading below where it was 5 years ago. Despite some ups and downs the stock has largely moved sideways. Zooming into the 1 year chart things look much different with the stock locked in a downtrend. There is potential that the stock has rounded out a bottom after putting in a major low about one month ago. This should mean that it finds its way to a mean reversion watchlist. However more evidence of this bottom will have to be found before it becomes buyable.

Believers in the solar boom will find this stock trading lower than what it was 5 years ago

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]