Google Finance: First Solar, Inc.

Message from discussion Triple Top, FSLR downtrend, breakout $175, target $135

gogo

More options Jul 3, 12:27 am

From: gogo <nw200...@gmail.com>

Date: Thu, 2 Jul 2009 21:27:25 -0700 (PDT)

Local: Fri, Jul 3 2009 12:27 am

Subject: Triple Top, FSLR downtrend, breakout $175, target $135

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A Triple Top is considered a bearish signal, indicating a possible
reversal of the current uptrend to a new downtrend. ALREADY DOWNTREND
for 10 days.

There is a hybrid variation that appears to be a cross between a
Double and Triple Top. The middle peak is slightly lower than the left
and right peaks. This is still a valid reversal pattern.

It is also possible for the pattern to display a fourth peak before
reversal occurs.
Generally, volume in a Triple Top tends to be downward as the pattern
forms. Volume is lighter on each rally peak. Volume then picks up as
prices fall under the confirmation point and break into the new
downward trend. Volume is higher on the peaks than at the lows.

It is typical to see volume diminish as the pattern progresses. This
should change, however, when breakout occurs. A valid breakout should
be accompanied by a burst in volume.

Triple Top
http://www.investopedia.com/terms/t/tripletop.asp

Sell $155 Call or Buy $155 Put 60 to 90 days option

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