FSLR: Where to from here

Saturday, November 16th, 2013 Stock Trade Setups

FSLR

At the end of August I spoke about FSLR being a good buy around 36-35.50. Price went down to 35.59 and proceeded to rocket higher. Price closed at 64.19 Friday, and even though it does have a possibility of $3-$5 more upside I see it as limited short term. I am watching 50.80-45 to be support on a pullback for a continuation into the $85 level that I called a while back. It should be an interesting ride for sure.

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Matt Dye, Founder of ABusinessWithTrading, is a professional trader who specializes in trading price action. His mission is to empower traders through education, and every month attracts readers across 50+ countries. To discover more about Matt’s Price Action Strategies, visit his Trading Courses page.