A Brief Look at $FSLR

Let’s take a quick look at First Solar.

In this latest decline beginning in August, we are now oversold and there is bullish divergence between price and momentum (as measured by the RSI). This may mean a low is forming. And, if we draw parallel rails around this price action, if a recovery is made and this lower parallel rail holds, this may revisit the upper rail, and any strong rally from here can target that:


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