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.

2 comments:

Jim 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.