First Solar, Inc.Viés de baixa
FSLR: Technicals Not So Bright For This Solar Stock
Checking FSLR we can immediately see a warning signal from our CDV indicator at the bottom of the chart. Since Oct 7th, we've been on a down trend indicating the bulls are really losing momentum and the bears may be ready to feast. This is a bit of surprise since they had a big earnings beat only two weeks ago.
On top of our CDV divergence it looks like we also have a possible head and shoulders pattern inside of our broadening wedge. If you view the 30-minute chart the head and shoulders becomes a bit more clear.
To me this chart looks technically bearish but considering their recent earnings report & a biden presidency, this stock does have catalysts go up.
If the bulls aren't able to step in and keep control of the current trendline, we may find support between 76.50 and 80. That would be an important trendline the bulls cannot lose.
FSLR
On top of our CDV divergence it looks like we also have a possible head and shoulders pattern inside of our broadening wedge. If you view the 30-minute chart the head and shoulders becomes a bit more clear.
To me this chart looks technically bearish but considering their recent earnings report & a biden presidency, this stock does have catalysts go up.
If the bulls aren't able to step in and keep control of the current trendline, we may find support between 76.50 and 80. That would be an important trendline the bulls cannot lose.
FSLR
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