FSLR Breaking?

What is the First Solar, Inc. (FSLR) earnings trade?

This chart caught my attention with a trigger at 121.41. There are two interesting channels both suggesting downward movement. Earnings will be released Thursday; with a 36.75% short float and bullish analysts, I’m sceptical… Who’s playing both sides on $FSLR… ??

Volatility jumped 9.9% today with option traders expecting atleast a 5% move in the stock.

The Wall St. Cheat Sheet has a decent  summary of expectations.