"The price of anything is the amount of life you exchange for it." Henry Thoreau

$FSLR Weekly Chart Bullish

(FSLR: 13.76 -0.51%), First Solar

Some good news came out after market close (don’t know what it is) and FSLR is up 1.60% in the after-hours trading. So here’s a more bullish scenario than the one I have in the previous post.

If trading a longer time-frame, looking at this weekly chart it seems FSLR can go higher. Stochastics and MACD just coming out of the oversold levels; upper Bollinger Band is around $170.

fslr_weekly

 


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