First Solar, Inc (FSLR.NASDAQ)

14 November 2017


Technical Summary: The 5 year chart perhaps reflects the fundamental difficulties that have plagued the solar industry with the stock never really getting any momentum. The 1 year chart is a different story with the stock workings its way to new highs making a series of higher lows. More recently the stock has burst out of a solidly formed base. The stock remained volatilte after its earnings annoucement and we would prefer to see volatlity dry up before buying the stock again on strength. Investors that are looking to jump on board with this trend need to be aware of the potential for overhead supply to weigh on the stock.

Earnings pop out of solidly formed base

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