Don't Ignore This Chart!

First Solar Fails at Resistance $FSLR


While the market moves higher on Monday, First Solar (FSLR) is moving lower with its second long black candlestick. Also notice that the stock failed at resistance near 50 for the second time in three months.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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