Solar Stocks Shine - LDK, ESLR, FSLR
Chart courtesy of www.stockcharts.com ( click to enlarge )FSLR - The stock closed above its 50-day moving average today on heavy volume for the first time since early September, which is usually a good signal for the short term. The stock is now on the uptrend and with K line now on top of D line First Solar shares have the chance to go much higher from here. If 126.72 holds, next resistance is 160.
Chart courtesy of www.stockcharts.com ( click to enlarge )ESLR - The shares have been on a small rally recently with K line on top over D line. The stock overall is still weak with 50 day moving average now below 200 day moving average. The next upside price objective for the bulls is producing a close above technical resistance at $3.12 ( 50 DMA ). Let's keep an eye on ESLR for a possible breakout over this level.
Chart courtesy of www.stockcharts.com ( click to enlarge )LDK opened weak and closed strong to form a bullish engulfing pattern. A break above $15 turns the trend Bullish. The shares have been on a rise recently as K line is on top of D line indicating a buy signal. Now with stock back above the 20 day moving averagethe stock may see more up side with MACD also rising.
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
