Solar Sector Heating Up Technically

Mike Paulenoff MPtrader

After this evening's close, First Solar, Inc. (FSLR) will release earnings.

If my intermediate-term, technical set-up is any gauge, then The Street will respond favorably to whatever the company reports.

In fact, my expectation is that FSLR will react positively to earnings, and embark on a powerful advance that challenges its next heavy resistance zone between 44.75 and 50.00.

Author

Mike Paulenoff

MPtrader

Michael Paulenoff has been a student of and a participant in the world financial markets for the past 26 years, since his graduation from the Georgetown University School of Foreign Service in 1979.

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