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Thursday, March 26, 2009 

Hot stocks for Friday - Ciena, Rambus and LDK Solar

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

Greetings everybody! LDK strong enough to say...........and the Bulls are back! We now have further confirmation of the upward move. The stock has broken out of its major resistance line. Conservative target price is 8.47, with a possible of a bigger target price at 10.43. The technical indicators are looking better for the stock. Looks like further upward move for next week.

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

I alerted RMBS as a day trading opportunity. This stock is showing signs of an upcoming breakout as price action and volume and making some bull signals here. Keep an eye on Rambus for a possible breakout over 10.79.

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

CIEN - Today, the stock broke out a short term consolidation pattern on huge volume of over 5 Million shares, indicating some bullish behavior and we could possibly see some continued upside movement. The trend since last week was "buy on dips" and today's move just confirms this fact. The technical chart above shows the stock has just entered into a short-term strong bull market as 20 day moving average has just crossed on top over 50 day moving average. In addition both MACD and KD show buy signal as MACD is above signal line and K line is on top of D line. $9.10 will act as resistance point but if breaks through there could likely be a move of 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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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