FSLR
📉 Despite a weekly chart suggesting a potential rebound buy signal, the stock appears to be breaking its long-term uptrend, raising caution.
👎 The daily chart reaction indicates the market did not react positively to the recent earnings balance, suggesting underlying weakness.
🎯 A potential rebound target is identified around the $180 resistance area, but significant risks remain due to the broken trend and poor earnings reception.
@marcosemmimfp:
“Uh, the balance here. Look, I don’t follow it because of the balance. I don’t know how this turned out. Let’s see, on a weekly chart, how is it? Oof! Oof! Oof! Oof! Oof! On a weekly chart, it gives a buy signal for a rebound. Yes, but it’s breaking its uptrend, so be careful. Yes, this would be a rebound. In principle, it would be like this, up to the resistance area at 180. Anyway, on the daily chart, it seems that the balance was not liked. Clearly, it was ugly.”
Watch the exact part of the video where @marcosemmimfp talks about First Solar here:
Watch the video on YouTube
Read more articles analyzing First Solar (FSLR) at the following link. FSLR stock.
