Trading First Solar Inc $FSLR With Integrated Risk Controls
May 05, 2023, 02:15 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FSLR
- Buy FSLR slightly over 167.71 target 193.64 stop loss @ 167.23 Details
The technical summary data tells us to buy FSLR near 167.71 with an upside target of 193.64. This data also tells us to set a stop loss @ 167.23 to protect against excessive loss in case the stock begins to move against the trade. 167.71 is the first level of support below 171.59 , and by rule, any test of support is a buy signal. In this case, support 167.71 is being tested, a buy signal would exist.
- Short FSLR slightly under 193.64, target 167.71, stop loss @ 194.2 Details
The technical summary data is suggesting a short of FSLR as it gets near 193.64 with a downside target of 167.71. We should have a stop loss in place at 194.2though. 193.64 is the first level of resistance above 171.59, and by rule, any test of resistance is a short signal. In this case, if resistance 193.64 is being tested, a short signal would exist.
Swing Trading Plans for FSLR
- Buy FSLR slightly over 174.55, target 193.64, Stop Loss @ 174.05 Details
If 174.55 begins to break higher, the technical summary data tells us to buy FSLR just slightly over 174.55, with an upside target of 193.64. The data also tells us to set a stop loss @ 174.05 in case the stock turns against the trade. 174.55 is the first level of resistance above 171.59, and by rule, any break above resistance is a buy signal. In this case, 174.55, 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 slightly near 174.55, target 167.71, Stop Loss @ 175.05. Details
The technical summary data is suggesting a short of FSLR if it tests 174.55 with a downside target of 167.71. We should have a stop loss in place at 175.05 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, 174.55, 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 174.55, target 176.74, Stop Loss @ 174.14 Details
If 174.55 begins to break higher, the technical summary data tells us to buy FSLR just slightly over 174.55, with an upside target of 176.74. The data also tells us to set a stop loss @ 174.14 in case the stock turns against the trade. 174.55 is the first level of resistance above 171.59, and by rule, any break above resistance is a buy signal. In this case, 174.55, 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 slightly near 174.55, target 168.37, Stop Loss @ 174.96. Details
The technical summary data is suggesting a short of FSLR if it tests 174.55 with a downside target of 168.37. We should have a stop loss in place at 174.96 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, 174.55, 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.
Check the time stamp on this data. Updated AI-Generated Signals for First Solar Inc (FSLR) available here: FSLR.
FSLR Ratings for May 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
142.70 |
| P2 |
168.37 |
161.43 |
167.71 |
| P3 |
176.74 |
174.55 |
193.64 |
AI Generated Signals for FSLR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FSLR:
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