FSLR has broken out of the long downward trend and is now correcting.
Weekly Divergence + .618 key fib level
Daily Resistance zone Level + 1.27 Fib extension of last impulse
4hr divergence.
Contracting wave correction about to finish.
This stock could go lower to the .707, but it is at an interesting point and is worth keeping an eye on. I would personally wait for it to break out of the 4hr downtrend instead of trying to catch the bottom.
Apple signed a 25 year 850 million contract in feb 2015
www.forbes.com/sites...vestment-from-apple/
Weekly Divergence + .618 key fib level
Daily Resistance zone Level + 1.27 Fib extension of last impulse
4hr divergence.
Contracting wave correction about to finish.
This stock could go lower to the .707, but it is at an interesting point and is worth keeping an eye on. I would personally wait for it to break out of the 4hr downtrend instead of trying to catch the bottom.
Apple signed a 25 year 850 million contract in feb 2015
www.forbes.com/sites...vestment-from-apple/
