Gareth Soloway
InTheMoneyStocks
Tuesday, June 5, 2018
First Solar $FSLR Target Buy Level Revealed
Shares of First Solar (FSLR) fell again on Tuesday after China continued to fight back against U.S. tariffs. Let's not kid ourselves, the trade war has begun and it will be tit for tat going forward, ultimately hurting U.S. jobs and the economy. Having said that, expect solar stocks to remain weak in the coming days/weeks. First Solar should continue lower in the next month to a target of $48.00. Once there, expect a hardcore technical bounce back to $57.00. This is the technical level the best stock chart swing traders are eyeing for a buy.
