FSLR - Rising channel
On the chart, we can see a rising channel occurring for FSLR.
It has been ranging between the levels for almost 3 quarters.
We expect that the price will stay in the channel for a while.
You can buy at the lower boundary of the channel and exit at the resistance, which is the higher boundary of the channel.
Invalidation of this thesis would be if the price closes out of the channel.
Moreover, you can short at the resistance with a target at the lower boundary of the channel.
Good luck!
It has been ranging between the levels for almost 3 quarters.
We expect that the price will stay in the channel for a while.
You can buy at the lower boundary of the channel and exit at the resistance, which is the higher boundary of the channel.
Invalidation of this thesis would be if the price closes out of the channel.
Moreover, you can short at the resistance with a target at the lower boundary of the channel.
Good luck!
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