Stock Picks and Trade Ideas for Wednesday - RMBS, TRN, SOLF, LDK
Chart courtesy of stockcharts ( click to enlarge )LDK gapped up off support in early August and continued higher with expanding volume. Look for a break above $50.95 to revive the bull.
SOLF remains in a clear uptrend, but there were four days of high volume selling pressure and this stock is way overextended. After two weeks of consecutive up days sell divergences have emerged. Expect pullback to $17.37.
Chart courtesy of stockcharts ( click to enlarge )TRN formed a falling wedge back to the middle of the prior consolidation. If this stock breaks out above $35.32 its very probable that we will see a decent upside move for the bulls.
RMBS - Stock broke resistance at $17 with a big move on a big volume. This is not the first up day on big volume either. For now, expect an initial run up to the early July $18.13 high.
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. See you Tomorrow !!!
AC
