FSLR - i bought at Fridays close

I like how FSLR closed Friday. I bought the
close, only 600 shares. Im in at $116.48.
I think FSLR hits $120 very quickly, maybe even tomorrow.
i like the chart.

 

You better like it now that you own it.

But what exactly did you like about the way it closed on Friday?

Up near, but short of, the prior two day's high.

Although it was on above average volume.

 

FSLR is on my watch list...waiting for a setup.

 

you didn't buy it a few days ago at a lower price.
where were you a few days ago?

why did you wait so that you could buy at a higher price?

I am sure there are other investors who wouldn't buy FSLR
until it breaks the record high of 320.

 

What if it doesn't? What's your plan then?

I don't see anything wrong with the trade set-up.
I'd have a stop below Fridays low.
My initial target would be 123. Still only a 1 to 1.2
So not a trade I would take.

 

FSLR could easily run up to 150.

 

I always look at what I could lose.

You said you were waiting on a set-up. What are you waiting for?

 

I liked the way FSLR closed on Friday and I also think it can hit $150. I also like CHPT, BLNK, and X for a nice upward move from the close on Friday.

 

Consolidation and then a break out.

 

It has already broken out a few days ago.

how high will it go? no idea.