Courtesy of AC Investor
Chart courtesy of www.stockcharts.com ( click to enlarge )ESLR is falling in the after-hours session after reported a wider quarterly net loss on lower selling prices and rising start-up costs for production facilities. The second-quarter net loss was $20.3 million, or 11 cents per share, compared with a net loss of $8.9 million, or 8 cents per share, a year ago. From the chart, we can see the stock has crashed 25 per cent from its recent peak of $2.96 and has been rebounding since. At this stage, the price movement has been marked by a high degree of volatility. The near-term outlook would depend on the price movement in the next few days. A close above $2.43 would impart bullishness and would help the stock move to the Rs 2.9-3 band. A drop below 2.13 would have negative implications that would push the stock down to the Rs 1.9-2.0 range. Remain invested with a stop loss at $2.13.
Chart courtesy of www.stockcharts.com ( click to enlarge )FSLR – The company released better then expected numbers after Thursday’s close, however the stock lost some momentum in the after hours trading. If this sector shows strength on Friday, I will buy FSLR above Thursday’s high of 175.88. If the stock breaks this level on a close basis, we should see it pause at $187.50. On the contrary, a close below 167.84 would have bearish implications and would push the stock to the 160-150 range.
