First Solar (FLSR) appears to have finally bottoted after falling through most of the year from a high near 74 to a low near 34. FLSR Daily Chart 10/25(click to enlarge)Price bottom:- The daily chart shows FSLR completing a price bottom, something like a inverted head and shoulders that is a bit tilted.- The key feature of price action since September is the higher high and higher low, breaking the prevailing pattern of lower highs and lower lows.- Also note that price has broken above a falling trendline. - This bullish breakout and completion of a price bottom opens up the 44.00 handle first, but also the previous resistance pivot just under 49.50. Pullback:- Before the bullish scenario, FLSR appears to be entering a bearish one again, but this might be just a short-term pullback.- If FLSR is to remain bullish, it would mean the market seeing and respecting the price bottom.- There should be buyers around 38.00 in the bullish scenario. - A break below 36.60 on the other hand would suggest that last week's bullish breakout was "fake". This would in turn suggest a bearish continuation with 34.00 in sight and with further risk downwards.