Friday, November 14, 2014

FSLR worth a shot on the long side

The HAL / BHI deal probably put a temporary low in the OIH.

$FSLR and other energy derivatives have sold off hard with the recent decline in oil and the energy space.

$45.80 - $46.25 looks like a decent level to get long for a trade.  At least cover shorts there.

RSI shows an oversold condition as well.

Target is the 9 dma (currently $51.77 but declining).

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