FSLR looks like it has pulled back to a support point. I am opening a new long position in First Solar. The stock is trading around 137 at the moment. Price target is 175 over the next 8 to 16 weeks.
My only concern is the broad market itself. But for the time being, the market continues to go up so I will continue to go along for the ride while watching it very closely for signs of weakness. What is making me nervous is that we are approaching a previous high for the DOW that can offer resistance.
No comments:
Post a Comment