By Dan Darrow
October 03, 2022
Intraday Update: FSLR
A big green to red reversal on FSLR on Thursday put it below key 8day ema and 20day sma support to set up the Oct28 $125 - $115 put spread bear strategy, but back-to-back rallies has repaired the chart quickly. FSLR is not at the 138.25 technical stop yet, but the stock is nearing it in late action, and an overnight gap higher seems possible considering the strong close. The trade will be closed this afternoon, and we can watch for a move back to ~130 to reset the bear pattern.
Trader Author Portfolio Holdings
**As of the date and time of publication