FIRST SOLAR INC
(FSLR-Nasdaq):
Technical Viewpoint: From a low
of $74.77 on Aug 16, 2007 prices
rallied, reaching a
high of $108.33
on Sep 4, 2007. A
decline saw prices pull back, reaching a
low of
$93.69 on Sep 18, 2007.
Another rally saw prices penetrate
resistance, closing 9/21/07
at $112.55. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 21, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $100.00. Resistance: Is at $112.80.
Point & Figure: Reversed to the upside on Sep 19, 2007. A P&F upside
reversal takes place at $106.00. Summary: Technical indicators have turned bullish. BUY! FIRST SOLAR INC
(FSLR-Nasdaq) @ $112.88 Stop: Use a protective stop of $110.13.
FIRST SOLAR INC is currently trading @ $112.55 plus $9.55 on Sep 21, 2007. Price Objective:
$75.00. Risk/Reward: $2.75 VS. $23.62. Today's Risk Reward Ratio: 9:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$75.00
Risk/Reward:
$2.75 VS. $23.62
Risk/Reward Ratio:
9:1
|