This will be my third time published here (but my 4th time with my actual trading account) that I will play the movement of FSLR. It should bounce off the $245.00 level and proceed up to the $280.00 level within the next 10 trading days. If the 280+ level is maintained for more than 4 consecutive trading days and there is a solid bounce off of the 50 day SMA I will only close out half my position and hold on for the next upswing.
I am allowing for a maximum loss of $7.00/share on this one. If it can break down to and through $240 I will close out the trade and wait for a further bullish pattern in the future.
Cheers and happy Trading!
Coreadrin.
$249.47 (09/03/08)
