Jan. 8 at 7:21 AM
$FSLR $TAN $QQQ FSLR - Zoomed Chart: Through technical analysis, how you could see overhead supply not getting absorbed, buyers unwilling to pay higher prices, and upward momentum fading ( a heads up at the very least prices were stalling) - well before the gap down or Jeffries Downgrade: (1) After closing up green Dec 22nd (high of $ 285.99) and above the Nov highs, price Dec 23rd closes down and back below November highs (2) Price Jan 5th eventually makes another attempt higher -BUT gets rejected, closing down, making lower highs since Dec 22nd, and AGAIN closing below the Nov highs on decreasing underlying momentum/relative strength. (3) Price again Jan 6th makes another attempt higher BUT sells off, continues to put in lower highs (
$277.88) since Dec 22nd (
$285.99), while momentum continues to deteriorate underneath, and price closes down red and below the previous days close. On Wed Jan 7th, price gaps down on the open and closes down 10%: (Zoomed Chart)
