Stocks for Friday - AMD, KLAC, PMCS, CSIQ
Chart courtesy of stockchartsCSIQ had a strong day and broke through its resistance line. The volume confirmed the breakout, as it was greater than average. Look for Canadian Solar to test the prior highs of December. With technical chart showing strength as MACD is above signal and K line above D line , we could see the stock keep going up.
Chart courtesy of stockchartsPMCS - As expected, the stock found resistance at the 6.5 resistance level. Stock might see a short term pullback before a breakout
Chart courtesy of stockchartsKLAC - The stock broke through its major resistance at $40 with higher volume, so make sure to keep watching this one. Next resistance is at $40.59 ( 50 dma ).
AMD - For the 8th time, this stock is trying to break a downtrend line from February. Looking at the daily chart, a break of the line is imminent in my opinion, regarding to the Sto and MACD indicators, both rising. Buy point is when it crosses the downtrend line on heavy volume and closes out of the pattern.
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 evening !!!
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 evening !!!
AC
