Not Buying The Solar Pop

FSLR 10.20.09FSLR broke out of its descending triangle and is now coming back to test that breakout resistance area.   I have placed an order to short the solar God @ $154.60 and will short again ever $2 higher with my stop above overhead resistance as marked on the chart.  If you note the Accumulation/Distribution,  ti continues to drop.  Funds just are not getting into the solars at this point in time and neither will I.  Target marked on the chart.  I will just take off portions as it drops and lower my stop.

One thought on “Not Buying The Solar Pop

  1. Pingback: Get Out of The Solar Sun « Kos' Tradebuz

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s