Trina Solar stock is likely to fell sharply, due to its fundamental situation and technical configuration.

The solar company has reported its third quarter results that underlined its poor performance. The results are lower than expected: Sales (4% lower), Operating Income (38% below consensus), while net income is equal to the consensus. Moreover, the company narrowed down its production for the upcoming quarter.

Technically, the security is in a bullish trend on the short term, but stays in a bearish trend on the medium and long term. Currently, prices have been stopped by the USD 11.04 short term resistance. This level has been tested several times since last month and proved each time its relevance, stopping the bullish fluctuations.

Thus, in order to take advantage from this bearish anticipation, investors should open a short position on Trina Solar. The fundamental factors and the technical configuration should pull down prices toward the USD 9.07 support, which will be the target price. However, this position should be protected by a stop loss order above the 11.04 resistance.