Free-fall from ATHs=$123 into confluence of support $67-68 area:
a) 200SMA@weekly=$67
b) major previous break-out level=$68 back from June, 2019
c) major support pivot=$68, that had been tested and defended at least 2 times in 2021
-- Got long Tier 0 size at the opening flush to $68, risking 1xATR below, $64s
-- Would like to see a strong bounce higher from this level towards the 9SMA@daily, small retracement to lower prices AND a higher low OR retest and hold of $68
-- Would like to add another tier after 9SMA@daily is being reclaimed, and price starts respecting the SMA as support, holding above for a couple of days
-- 1st target $78 at a minimum, main target is $89
02-09-2022
Small profit taking at the pop to 9SMA@daily=$74
02-22-2022
New lows = stopped-out per plan
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-04 09:36:59 | FSLR | buy | $68.350 | long |
2022-02-07 10:37:55 | FSLR | buy | $69.785 | long |
2022-02-09 10:09:51 | FSLR | sell | $73.025 | long |
2022-02-22 13:41:50 | FSLR | sell | $65.860 | 0 |
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