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Friday, March 20, 2009 

Solar Stocks to Watch on Friday - LDK Solar, China Sunergy and Canadian Solar

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

CSIQ is another strongly trending stock that is finding resistance in the 50 day MA area at $4.64 . If the nasdaq makes a run, the stock should breakout this resistance. At these levels I prefer wait for the breakout confirmation to see if this movement will continue. Shareholders may remain invested with a stop-loss at $4.

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

CSUN successfully broke the resistance at 1.66 confirming a reversal from the previous downward trend. Target price for the pattern is at $2.50. The breakout also moved past the 20 day moving average. From the technical chart KD line shows positive signals as K line is rising on top over D line, and RSI continue moving up. OBV is beginning to turn around which suggests the stock is no longer being sold off. Stock as a major resistance at $2.46. I suspect the stock may continue to appreciate over the coming weeks.

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

LDK - The recent increase in trading volume and rising OBV suggests buyers are accumulating stock. A breakout above $5 would constitute a technical entry for the short term trader looking for a quick trade.

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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hello,
i would like to publish this article on my site, solarfeeds.com - would this be ok with you? i will link back, and create a contributor profile for your blog...please let me know. thank you.
scott
sweitzman@gmail.com

Hi Scott,

Thanks for your contact. Feel free to publish this article in your site.

Kindest Regards,

Dear AC,

Are you still bullish on Rambus ? Please, let me know.

Peter

Hi Peter !!

Yes. Buy on dips.....Look at the stock chart for the last three week.

"The stock confirmed today the reversal when it broke up above the $9.91 level. The MACD had just cut above its signal line. +DI is above –DI and ADX is beginning to bottom out. The stock price is now riding on an upward movement. Technically, I would still buy the stock, and act accordingly and watch now the $12 level. The RSI is not overbought yet, so the way should be clear to higher levels."

http://ac-investor.blogspot.com/2009/03/stock-picks-and-trade-ideas-for_18.html

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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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