Here’s where the sun is shining in solar. Check out $FSLR and $ARRY. – January 13, 2023

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I want to look at a couple of stocks in the solar group because they look good. Here’s what I want you to look at; check out the pattern here on First Solar ( NASDAQ: FSLR ). Now, how about Array ( NASDAQ: ARRY )? They look the same. TAN ( NYSEARCA: TAN ) also looks the same with respect to the last couple of weeks, but you look at these two, ( NYSEARCA: TAN ), ( NASDAQ: FSLR ), and they give you a better sense of what’s happening here.

I like both of these names, you can see how this ( NASDAQ: FSLR ). has been stair-stepping higher. This is not a stock that you want to be buying on Monday after, how many days in a row has it been going up? This thing has been moving six days in a row, and so, while it might move a seventh, I think you have just got to be patient and watch this. Know that it still is under accumulation, it is still working it is way higher, but this is not exactly a smooth uptrend. You kind of have to look at the weekly chart and see what’s going on.

This is one of these stocks where, I will just tell you if you buy it on Tuesday because you are watching this video, you are not really listening to what I am saying. I am telling you to watch this, and await for a better entry. Perhaps in the next week or two or whatever it is, and does it really matter? You want to get a stock closer to the 50-day moving average, at some point, it will reach the 50-day moving average, that’s a mathematical certainty.

Another stock you may want to take a look at is Array ( NASDAQ: ARRY ). This is a pretty interesting setup here because the stock has really kind of formed this cup and handle pattern. A nice little pullback and then a return. You can look at this handle here, it failed, which happens, and then we get this slingshot move up. You can look at it that way or you just look at the whole thing as one big “drifty” thing on fairly low volume.

Now, we are seeing volume starting to pick up here on this move. And so we are looking for more of a move up to $30.00. Do I think it can get up to 30.00? Yes, I do. I would just want to wait until the stock broke through this line. If it breaks through, we’ll say, $24.00, you want to buy it right around here, and then ride that puppy to 30.00 and call it a day.

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