Reviewing the recent outbreak of FSLR 👇
$First Solar(FSLR.US$One of last week's brightest stars, then let's take a close look back at what happened before it broke out:
First, let's look at the weekly chart. The 10MA began to turn upward at the end of March, and the 30MA turned upward for the first time since the week of April 8. The big outbreak occurred in the sixth week after that.
Daily chart:
Since the price returned above 50MA at the end of March, it has not fallen below 50MA. 50MA has been moving upward, and has formed two classic fraudulent buying points. The trading volume was very low for 2-3 days in the fraud clearance range, and RSI has remained above 50;
According to Mark's entry method, you can cut in twice. The 4 trading days that began on the official eruption day were all huge trading volumes, and volume and price skyrocketed, making it worth reviewing and studying over and over again 🚴🏻
Never stop backtesting emerging winners 🚴🏻
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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