First Solar MACRO Idea

Here we are looking at FSLR on the 1 Month TF…

While I don’t normally post ideas from this zoomed out on the chart, I thought I would briefly share this fun idea that I came across.

As you can see, we are analyzing where FSLR is currently, in reference to it chart history dating back to major support breakdown in 2011.

What I found interesting, is that if you stretch that previous support all the to the present date (on its trajectory), you can see that (so far) FSLR has been rejected from this previous support line.

Of course, this isn’t enough to base a trade off of, but it is very interesting that previous support from 2011 is now acting as resistance. Additionally, there is still half a month left on this candle, so there’s still plenty of time for it to break through that line and invalidate it.

Nonetheless, I thought it was interesting, and that some of you may find it interesting as well!

Let me know what you think in the comments!

Cheers!!