Trading First Solar Inc FSLR With Integrated Risk Controls

July 31, 2021, 19:45 pm ET, BY Jesse F. - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The First Solar Inc (NASDAQ: FSLR) report below can help you, but we have more details too. The trading plans for FSLR, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for FSLR
  • Buy FSLR slightly over 74.36 target 88.70 stop loss @ 74.15 Details

    • The technical summary data tells us to buy FSLR near 74.36 with an upside target of 88.70. This data also tells us to set a stop loss @ 74.15 to protect against excessive loss in case the stock begins to move against the trade. 74.36 is the first level of support below 86.04 , and by rule, any test of support is a buy signal. In this case, support 74.36 would be being tested, so a buy signal would exist.

  • Short FSLR under 88.70, target 74.36, stop loss @ 88.96 Details

    • The technical summary data is suggesting a short of FSLR as it gets near 88.70 with a downside target of 74.36. We should have a stop loss in place at 88.96though. 88.70 is the first level of resistance above 86.04, and by rule, any test of resistance is a short signal. In this case, if resistance 88.70 is being tested, so a short signal would exist.

Swing Trading Plans for FSLR
  • Buy FSLR slightly over 88.70, target 104.81, Stop Loss @ 88.44 Details

    • If 88.70 begins to break higher, the technical summary data tells us to buy FSLR just slightly over 88.70, with an upside target of 104.81. The data also tells us to set a stop loss @ 88.44 in case the stock turns against the trade. 88.70 is the first level of resistance above 86.04, and by rule, any break above resistance is a buy signal. In this case, 88.70, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short FSLR near 88.70, target 82.69, Stop Loss @ 88.96. Details

    • The technical summary data is suggesting a short of FSLR if it tests 88.70 with a downside target of 82.69. We should have a stop loss in place at 88.96 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 88.70, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FSLR
  • Buy FSLR slightly over 88.70, target 104.81, Stop Loss @ 88.49 Details

    • If 88.70 begins to break higher, the technical summary data tells us to buy FSLR just slightly over 88.70, with an upside target of 104.81. The data also tells us to set a stop loss @ 88.49 in case the stock turns against the trade. 88.70 is the first level of resistance above 86.04, and by rule, any break above resistance is a buy signal. In this case, 88.70, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short FSLR near 88.70, target 84.69, Stop Loss @ 88.91. Details

    • The technical summary data is suggesting a short of FSLR if it tests 88.70 with a downside target of 84.69. We should have a stop loss in place at 88.91 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 88.70, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

FSLR Ratings for July 31:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 74.36
P2 80.94 76.80 88.70
P3 84.69 82.69 104.81
⚠Triggers may have already come
Support and Resistance Plot Chart for FSLR

FSLR Long Term Analysis for July 31 2021

Blue = Current Price
Red = Resistance
Green = Support

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