The solar stocks, FSLR, CSIQ, RUN, and JKS, among others, are beginning to move higher and away from the bullish 9/21/50d moving averages. This price action comes after the recent 8 to 10 week consolidation period comes to completion.
Watch option volume on solar stocks, FSLR, CSIQ, RUN, and JKS, as institutions position for higher prices.
First Solar (FSLR)
Price action is ready to clear the Volume by Price (VBP) resistance/support zone illustrated with the histogram on the left side of the chart. Strength of trend (RSI) is above 50. Respect the trend when above or below 50.
Stochastic, by design, is turning higher indicating you should anticipate closes in the upper half of the daily range. Momentum is turning bullish as MACD turns, as a function of price.
Volume suggests institutions are present and accounted for. Pay attention.
Futures are currently trading (+30) and above the 3600 gamma zone. SPY ETF is trading above 360.45 (+3.00) in the early session.
Markets are closed Thursday. Enjoy your turkey and family.
Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we trade the solar stocks today and navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Want to become a member? Check details here:
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.