Looking at FSLR this is what I see:
- it broke out of the strong resistance @76-81 which is now a support area (weekly chart)
- if this support area breaks, this will lead the stock to another downtrend
- currently at an uptrend (daily chart)
- at 06' Jan: bullish pin bar at the trend line -> reversal of the short downtrend?
- next resistance level: ~@91.75
this is just an analysis from me. feel free for open discussion
- it broke out of the strong resistance @76-81 which is now a support area (weekly chart)
- if this support area breaks, this will lead the stock to another downtrend
- currently at an uptrend (daily chart)
- at 06' Jan: bullish pin bar at the trend line -> reversal of the short downtrend?
- next resistance level: ~@91.75
this is just an analysis from me. feel free for open discussion
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