AI
Thursday, February 28, 2013 7:46:27 PM
$FSLR - here is what I see. 200 day average is extrapolated (dotted blue).
Inner and outer channel edges of the former uptrend were blown through outside normal trading hours. The gap to open triggered the short sale circuit breaker protection immediately so the retail sales during normal trading were sideways and hoping to see sanity return.
Tomorrow the short sale circuit breaker restrictions are lifted. -10% pre-market is possible. I expect it to open on the 200 day average and wedge between support on the 200 day average and the new downtrend.
Fundamentals are IMPROVED so inevitably it recovers. If it were not for the premarket trading thinly I'd say support at $25, but I think it opens at $23 and claws its way back.
Inner and outer channel edges of the former uptrend were blown through outside normal trading hours. The gap to open triggered the short sale circuit breaker protection immediately so the retail sales during normal trading were sideways and hoping to see sanity return.
Tomorrow the short sale circuit breaker restrictions are lifted. -10% pre-market is possible. I expect it to open on the 200 day average and wedge between support on the 200 day average and the new downtrend.
Fundamentals are IMPROVED so inevitably it recovers. If it were not for the premarket trading thinly I'd say support at $25, but I think it opens at $23 and claws its way back.
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