Monday, December 14, 2009

Day Trade - First Solar, Inc. (Public, NASDAQ:FSLR)

Last night we said FSLR was setting up a bullish flag. Today it broke out on good volume. Price stalled at $140.00 round number, but there's still a long way to go to fill the gap, so we'll be watching for follow up trades this week. CSIQ also BO of its base with volume today.

I wanted to get in at $136.00 (early flag pattern) but decided to wait until R2 was cleared.


Anonymous said...

Nice call and trade Jamie! Beautiful setup on the daily.

Jamie said...

Thanks Jim,

We'll see if this BO can be sustained. I'm seeing a lot of failed BOs at this stage of the rally.