{"id":5794,"date":"2011-06-29T22:50:56","date_gmt":"2011-06-30T02:50:56","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=5794"},"modified":"2011-06-29T22:50:56","modified_gmt":"2011-06-30T02:50:56","slug":"first-solar-attempts-bottom","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/06\/29\/first-solar-attempts-bottom\/","title":{"rendered":"Chart Review: First Solar Attempts to Bottom"},"content":{"rendered":"<p>The slogging has been a little tough since <a href=\"http:\/\/drduru.com\/onetwentytwo\/2011\/05\/02\/buy-first-solar\/\">I recommended buying First Solar (FSLR) on the other side of an earnings disappointment<\/a>. FSLR did disappoint and after the stock broke down from post-earnings consolidation, I insisted the stock remained a buy even as <a href=\"http:\/\/seekingalpha.com\/article\/272416-first-solar-remains-a-buy-even-as-short-interest-reaches-new-highs\">short interest reached new highs<\/a>. After bouncing 11% so far this week, First Solar is finally printing a pattern that suggests a bottom is developing. The chart below makes the case:<\/p>\n<p><em><br \/>\n<strong>(Click graphic for a larger view)<\/strong><\/em><br \/>\n<center><br \/>\n<figure id=\"attachment_5795\" aria-describedby=\"caption-attachment-5795\" style=\"width: 290px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/06\/110629_FSLR.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/06\/110629_FSLR-300x267.jpg\" alt=\"First Solar attempts to bottom\" title=\"First Solar attempts to bottom\" width=\"300\" height=\"267\" class=\"size-medium wp-image-5795\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/06\/110629_FSLR-300x267.jpg 300w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/06\/110629_FSLR.jpg 601w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-5795\" class=\"wp-caption-text\">First Solar attempts to bottom<\/figcaption><\/figure><br \/>\n*<strong>Chart created using <a href=\"http:\/\/www.worden.com\/CURRENTAFPROMO.aspx?AFCODE=866\">TeleChart<\/a><\/strong><br \/>\n<\/center><br \/>\n<\/p>\n<p>For archived commentary on FSLR, <a href=\"http:\/\/drduru.com\/onetwentytwo\/tag\/fslr\/\">click here<\/a>.<\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: long FSLR<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The slogging has been a little tough since I recommended buying First Solar (FSLR) on the other side of an earnings disappointment. FSLR did disappoint and after the stock broke down from post-earnings consolidation, I insisted the stock remained a buy even as short interest reached new highs. After bouncing 11% so far this week, &#8230; <a title=\"Chart Review: First Solar Attempts to Bottom\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/06\/29\/first-solar-attempts-bottom\/\">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":[3,62],"tags":[6,7,16],"class_list":["post-5794","post","type-post","status-publish","format-standard","hentry","category-solar-energy","category-technical-analysis","tag-first-solar","tag-fslr","tag-solar-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chart Review: First Solar Attempts to Bottom - 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\/2011\/06\/29\/first-solar-attempts-bottom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Review: First Solar Attempts to Bottom - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"The slogging has been a little tough since I recommended buying First Solar (FSLR) on the other side of an earnings disappointment. FSLR did disappoint and after the stock broke down from post-earnings consolidation, I insisted the stock remained a buy even as short interest reached new highs. After bouncing 11% so far this week, ... 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