Stock Picks and Trade Ideas for Friday - CIEN, A, FSLR,
Chart courtesy of www.stockcharts.com ( click to enlarge )FSLR - Technically, the chart shows a bearish picture for stock with MACD and KD showing weak signal as MACD is below 0 and K line is dropping below D line. Although the Stochastic is clearly oversold, we all know that an oversold indicator, especially the Stochastic within a bearish probability can be misleading. The stock has a strong support in the psychological level of 100, but any close below this level could start a new sell off.
Chart courtesy of www.stockcharts.com ( click to enlarge )The short bullish momentum of CIEN continued today. The stock topped at 6.14 and closed at 5.73, up 0.28 cents (+5.14%) on volume of 4.32M, above the average . My long target at 6 was reached, however my model remains long, targeting 6.70 ( 50 dma ). Immediate support is seen at 5.53 area. CCI heading up towards -100 line on daily chart.
Chart courtesy of www.stockcharts.com ( click to enlarge )A - The stock is in a bearish trading condition. The fall in the stock has been extended by the violation of the support line at $14.76 and as long as the stock trades below this line stay bearish, this bearish trading condition will prevail. Fresh investments in this stock are recommended only on a daily close above 15.
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.
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 Folks. See you tomorrow.
AC
