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Thursday, February 05, 2009 

Stock Picks and Trade Ideas for Friday - TLAB, SCMR, FSLR

Chart courtesy of www.stockcharts.com ( click to enlarge )

FSLR - The stock has moved up in line with earlier recommendation. The stock has penetrated an important resistance line, which has been touched no fewer than four times since last month. Unless it reverses practically immediately, there is a chance the stock could really rally from here. RSI is back above 50. MACD has made a bullish crossover.

Chart courtesy of www.stockcharts.com ( click to enlarge )

SCMR is displaying a short upside momentum and is poised to move higher from these levels. Expect an initial run up to its 50-day moving average at $2.69.

Chart courtesy of www.stockcharts.com ( click to enlarge )

TLAB -After moving closer to the target zone of 4.50 over the past week, the stock turned weak and lost some momentum. The overall outlook continues to remain neutral to bullish, but RSI and MACD are both showing bearish divergences to the price, and MACD has made a second bearish crossover. Short-term traders could go long once the share price moves above 4.25.

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 Folks. See you tomorrow !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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