FSLR Targets
Daily MACD crossed over as of Monday (4/10/2017) with higher than normal volume. Bullish volume seems to be higher than average the past few days. Looking at the Fib Retracement line from the most recent high on February 27, 2017 to the most recent low on 4/6/2017, I believe the next short term price target is $28.72 (which is also a resistance line on the daily, +2.4x% from a possible $28 entry. Followed by $30.46 (+8.6x% at a possible entry at $28).
Although these are tentative targets, I would not hold through earnings at this point, since playing earnings exposes one’s self to undue and unforeseen risk.
Although these are tentative targets, I would not hold through earnings at this point, since playing earnings exposes one’s self to undue and unforeseen risk.
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