Tuesday, December 02, 2008

FSLR as a potential short

FSLR was a leader in the bullmarket and is now breaking down with resistance levels at 120 and 140. The 10d MA-20d MA-50d MA are all descending. I expect a couple of days of consolidation before a breakdown. I did scalp a 3% daytrade today and will re-enter in the next couple of days for a swing.

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