FSLR Charts

Our last trade in FSLR was a 2-day put, Closing FSLR Aug.16th $65 Put which made +36% on the July 31st exit. I've just been waiting for FSLR and other stocks like NFLX to make a move higher to short in to.

This is the big picture 5-day 3C chart, note how it has been in line for years, this is the first major divergence (2014).

 The 4 hour chart is also giving a strong signal and giving us a better idea of timing.

I should have just kept working down from the 4 hour chart, but had to get this together quickly. Intraday off a parabolic move which I never trust as they tend to fail spectacularly, the charts are going negative.

Here's the 3 min chart with the accumulation for this move up and the distribution in to the move as almost all bounces now are just used to sell/short in to.

The 5 min chart never was even able to confirm so this move has been used for heavy distribution as retail chases momentum higher, providing the demand smart money needs to sell in to.

This is the 30 min chart, also showing a weaker relative positive divegrence to move FSLR up and a much stronger leading negative divegrence since June.

It looks like the timeframes (for timing) are all coming together, I chose to leave a little room in case a bounce "lifts all boats".