$FSLR Chart Review

Seasonality Chart



Wyckoff Distribution Schematic



Wyckoff Accumulation Schematic



Bar Chart (5 year)



Point and Figure Chart

FSLR PnF.png

First Solar has been under larger scale distribution for a long time.  You can review the 5-yr bar chart for confirmation but current price action is all I need.  Current weekly closing prices are below support.  This is a “sign of weakness.”  A review of seasonality shows that Octobers is bullish.  It is reasonable for prices to rally and test $45.  A failure of this level would confirm prior support as resistance and suggest prices will continue lower.

The current point and figure campaign target is $27.

Good Luck!

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