Harry Aloof
09-25-2007, 02:57 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
FIRST SOLAR INC (FSLR-Nasdaq): Technical Viewpoint: From a low of $74.77 on Aug 16, 2007 prices rallied, reaching a high of $108.33 on Sep 4, 2007. A decline saw prices pull back, reaching a low of $93.69 on Sep 18, 2007. Another rally saw prices penetrate resistance line "A", closing 9/21/07 at $112.55. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 21, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $100.00. Resistance: Is at $112.80. Point & Figure: Reversed to the upside on Sep 19, 2007. A P&F downside reversal takes place at $106.00. Summary: Technical indicators have turned bullish. BUY! FIRST SOLAR INC (FSLR-Nasdaq) @ $112.88 Stop: Use a protective stop of $110.13. FIRST SOLAR INC is currently trading @ $112.55 plus $9.55 on Sep 21, 2007.
Price Objective: $75.00
Risk/Reward: $2.75 VS. $23.62
Today's Risk Reward Ratio: 9:1
http://18004wallstreet.com/images/charts/Chart2192-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
FIRST SOLAR INC (FSLR-Nasdaq): Technical Viewpoint: From a low of $74.77 on Aug 16, 2007 prices rallied, reaching a high of $108.33 on Sep 4, 2007. A decline saw prices pull back, reaching a low of $93.69 on Sep 18, 2007. Another rally saw prices penetrate resistance line "A", closing 9/21/07 at $112.55. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 21, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $100.00. Resistance: Is at $112.80. Point & Figure: Reversed to the upside on Sep 19, 2007. A P&F downside reversal takes place at $106.00. Summary: Technical indicators have turned bullish. BUY! FIRST SOLAR INC (FSLR-Nasdaq) @ $112.88 Stop: Use a protective stop of $110.13. FIRST SOLAR INC is currently trading @ $112.55 plus $9.55 on Sep 21, 2007.
Price Objective: $75.00
Risk/Reward: $2.75 VS. $23.62
Today's Risk Reward Ratio: 9:1
http://18004wallstreet.com/images/charts/Chart2192-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)