FSLR

Yesterday I asked Jamie: What are your thoughts on FSLR? It touched it's gap support the third time today on daily.

He replied: FSLR could be forming a huge bearish island reversal if it gaps down out of the base, but after three consecutive lower closes, I'd like to see it consolidate before breaking lower, otherwise it could be a head fake. Keep an eye on it.

FSLR bounced of it's support the third time yesterday and was in oversold on Stoc. 60 mins.  It was weak on the open and formed a base on daily pivot. After a head fake from the base, it closed strong. It formed a bull flag. Went long on the break of the candle indicated. My inital target was PDH but exited at S1.