Stocks to watch Monday !!! FSLR, GTW, BOOM, SCMR
Sycamore Networks shares rose 3% on Friday to 4.17$ reacting positively to the earnings results reported on Thursday. Company said its fiscal third-quarter profit dropped 36% as costs and expenses outweighed a big increase in sales. Looking at the daily chart stock continues to move within a rising channel, but directionality is very low. MACD and RSI still losing some ground, so we must wait before enter long here. The lastest candle - Black Candle - is also not favourable for a possible move up. Support at 4.06$.
FSLR is another stock that is in a consolidation phase following a nice trend. Looks like it will move up again. Keep an eye for a possible breakout over 119.85$.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
That's All. Have a nice weekend !!!
AC
Hi AC , Congrats to you !!!
Well, I think FSLR will breakout next week due to yesterday movement.
Have a nice weekend !!!
Posted by
Anonymous |
9:22 PM
I Wish to all a great trading week, and tks to all for the kindly commentaries.
AC
Posted by
AC Investor Blog |
11:13 PM