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first solar

Day Trading First Solar

by Chart Shark on July 2, 2009

As promised today on Twitter via StockTwits, here’s a recap of the FSLR day trade taken this morning.
This trade was a result of the stock market in general being seriously downtrodden today along with this particular stock’s push to close the gap feeling especially weak.  I watched the tape to get a feel for how this one would react to yesterday’s low, and it just didn’t appear to have the ability to push through it (as a matter of fact, it reversed a few cents lower than the actual PDL).
Entry
As indicated on my day trading chart to the left here, [...]