{"id":31893,"date":"2015-11-29T15:38:40","date_gmt":"2015-11-29T23:38:40","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=31893"},"modified":"2015-11-29T15:38:40","modified_gmt":"2015-11-29T23:38:40","slug":"follow-up-to-some-bullish-solar-setups","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2015\/11\/29\/follow-up-to-some-bullish-solar-setups\/","title":{"rendered":"Follow-Up to Some Bullish Solar Setups"},"content":{"rendered":"

Almost two weeks ago, I described some bullish setups on solar stocks<\/a>. Here is a quick update on those setups and related trades. <\/p>\n

First Solar<\/strong> (FSLR)
\nFSLR is a picture-perfect setup from 200-day moving average (DMA) support. I sold my call options into the rally that stalled a little on the shortened trading day on Friday. FSLR is still my favorite solar stock, so I will be scoping it for the next short-term entry point.<\/p>\n


\n
\"First<\/a>
First Solar (FSLR) rallies successfully off 200DMA support.<\/figcaption><\/figure>
\n<\/center><\/p>\n

SunPower Corporation<\/strong> (SPWR)
\nSPWR is still struggling to trigger a bullish setup. It continues to churn just below resistance at its 50DMA. SPWR is now a short if it manages to close below $22, the recent low. I am still looking for a bullish breakout above the 50DMA.<\/p>\n


\n
\"SunPower<\/a>
SunPower (SPWR) continues to struggle below its 50DMA resistance.<\/figcaption><\/figure>
\n<\/center><\/p>\n

Canadian Solar<\/strong> (CSIQ)
\nCSIQ is a picture-perfect setup at 50DMA support. I never made a trade on this one. CSIQ still has sort-term upside potential to at least 24. A new post-earnings high would be very bullish, but resistance looms overhead from the 200DMA.<\/p>\n


\n
\"Canadian<\/a>
Canadian Solar (CSIQ) maintains a bullish bounce off 50DMA support.<\/figcaption><\/figure>
\n<\/center><\/p>\n

Solar City<\/strong> (SCTY)
\nSCTY may have finally bottomed for now. The rally off the recent bottom has put about 20% back on the stock. I sold my call options into the rally. The next threshold for SCTY is a move into the post-earnings gap down. Overhead resistance looms large as the 50DMA quickly trends downward.<\/p>\n


\n
\"Solar<\/a>
Solar City (SCTY) makes a strong bounce off its recent bottom.<\/figcaption><\/figure>
\n<\/center><\/p>\n

Hanwha Q CELLS Co.<\/strong> (HQCL)
\nHQCL has been unable to make more progress since a strong bounce off 50DMA support. There is no new bullish trade here until the stock can print a breakout and close above $20.<\/p>\n


\n
\"Hanwha<\/a>
Hanwha Q CELLS Co. (HQCL) is still coiling for a potential breakout.<\/figcaption><\/figure>
\nSource for charts: FreeStockCharts.com<\/a><\/strong>
\n<\/center><\/p>\n

Overall, these select solar stocks remain of great interest even as Guggenheim Solar ETF (TAN) still sits near its low for 2015.<\/p>\n

Be careful out there!<\/p>\n

Full disclosure: no positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Almost two weeks ago, I described some bullish setups on solar stocks. Here is a quick update on those setups and related trades. First Solar (FSLR) FSLR is a picture-perfect setup from 200-day moving average (DMA) support. I sold my call options into the rally that stalled a little on the shortened trading day on … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[512,3,511,62],"tags":[172,7,1654,1170,16,271,1597],"class_list":["post-31893","post","type-post","status-publish","format-standard","hentry","category-resistance","category-solar-energy","category-support","category-technical-analysis","tag-csiq","tag-fslr","tag-hqcl","tag-scty","tag-solar-stocks","tag-spwr","tag-technical-analysis"],"yoast_head":"\nFollow-Up to Some Bullish Solar Setups - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2015\/11\/29\/follow-up-to-some-bullish-solar-setups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Follow-Up to Some Bullish Solar Setups - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"Almost two weeks ago, I described some bullish setups on solar stocks. 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