Stock Picks and Trade Ideas for Wednesday - CSIQ, JASO, RFMD, FSLR
FSLR - Price broke its bullish flag pattern to the upside Tuesday suggesting a continued bullish run. We should expect to see $291.49 horizontal resistance to be broken soon. Let's keep an eye on it.
The technical chart shows RFMD stock is probably at or at least near the bottom as the price has stay the same for the past month and was back to the support established last March. Although the moving average remains weak, as soon as there's any breakout above 20-day moving average and 50-dma we should see a lot more buyers coming. Keep an eye on her.
Looking at the technical chart, it still showing very bullish signs with 50 day moving average on top over 200 day moving average with MACD on top of 0 and K line on top of D line. The stock today again rose 3.52% to $24.14 per share. The stock is now on a new up trend and we may should see the stock head to $25.50 mark soon.
CSIQ - The stock has been on a rise recently as K line is on top of D line indicating a buy signal. Now with MACD above the sell line and with stock above 20 day and 50 day moving average the stock may see more up side. If price breaks above the last price spike resistance of $27.18 I think going long will present a very possible profitable trade, and stock may run quickly to $30 area.
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 examples.
That's All. Have a nice day !!!
AC
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 examples.
That's All. Have a nice day !!!
AC
Labels: CSIQ, FSLR, JASO, RFMD
