First Solar (FSLR) shows a strong bullish chart for 2017. It has made higher highs and higher lows, steadily following the uptrend line toward new highs for the year. After reaching a low in April, the company issued a strong Q2 earnings report and made more highs on strong turnover.

The recent rally has created a nice bullish pennant, and Monday’s action was solid. Paced by higher volume and strong money flow, we should see the heat rise as the stock follows the path of the orange lines.

Strong names barely give you a chance to get on board, and First Solar is no exception. The MACD crossed for a modest sell signal, but I expect that to turn upward in the coming days. This is the ideal time to get in.