Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, December 28, 2017

FSLR Breaks Out of 8-Year Declining Channel

FSLR recently broke out of its eight year long declining green line channel.  The breakout immediately put FSLR up against its four year horizontal blue channel.



click on image to enlarge



FSLR is currently consolidating under the upper blue channel line.  If it breaks above the blue line with a good day or with the help of the red line channel after multiple weeks of consolidation, trading alerts may trigger that there is a channel recovery play in progress as it could make a run to reclaim its ascending brown line channel.  


Trade well my friends

Alan





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