Monday, June 2, 2008

FSLR in the DANGER ZONE


Check out the price action in FSLR since its late 2006 IPO. $30 to $300 - NOT TOO SHABBA! So what's the next move? $300 to $3000? Uhhh - not so fast.

FSLR has been in a very well defined uptrend since February 2007. Today it closed right on the line. If it makes one or two closes below the line, things could get ugly. The next few sessions will be critical - I'll be watching it closely.

No comments: