Sun Shining on First Solar

March 22, 2018

 

 

 

Project Daedalus 

 

First Solar case study. 

 

‘Volatility breeds Volatility’ 

 

With the markets being a lot more volatile and with the VIX breaking well above its 200MA it lends its self to the opportunity to make more profits.

 

One of my favorite equities is First Solar. 

 

We usually open and closed trades on this quite often to compound the interest and profits that we make each position to make more than just holding for the long term. 

 

Here is a sneak peak on a few of the indicators that helps me decide entry and exit points. There’s a fair amount more to it but this may help the understanding out there of my techniques. 

 

On March 21 First Solar broke the plane of a pivot point. However it did this being well above its moving day average while at the same time pushing the RSI and Stochtastics above levels that I was happy with as they indicated being in overbought territory. 

 

I set a Trailing stop loss that then cashed out during a dip locking in 4.33%. 

 

We will now reinvest this into an order that I will set at a much lower point as we are well above the 200MA but also above the 50MA.

 

I am still bullish long term on the fundamentals of First Solar. 

 

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Disclaimer, None of the information contained with in this site is trading advice and should not be considered as trading advice! It is merely documenting my personal journey trading and outlines what actions I have taken, and what steps I will be taking. 

TRADING carries risk! only trade with money that you are willing to lose! 

Liverpool, UK

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