trade idea

Trade Idea: $FSLR 1/25/2021

by | Jan 25, 2021 | Trades


Trade: Bullish

Pivot: 105.38

Edge: $FSLR has a beautiful daily squeeze.  There is also a Gamma squeeze this week that will trigger around 108.  We have stacked EMA’S on the daily chart as well as the stock riding the 5/8, which is extremely bullish.  Above the pivot there is room to 107.99 a weekly level.  After that we will see 109.62, then  113.25 (the short term 127.2 fib) which we almost reached today.  If we can breakthrough that level the stock should test 116.29-117.86 (161.8% fib).

A close below the pivot and we will exit the position.

Options Idea: Jan 29th 110c

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