Solar stocks to watch next week : Sunpower , First Solar and China Sunergy
Chart courtesy of www.stockcharts.com ( click to enlarge )CSUN - Looking at the technical daily chart the stock is in a good short-term uptrend. The price has bounced off the low of 1.36 touched in late March. The price can head towards the 3.48-3.50 zone. If this zone is surpassed, getting to 4.65 would be a possibility. Add to your position once there is a close above this level.
Chart courtesy of www.stockcharts.com ( click to enlarge )FSLR has been drifting lower since making a high of 317 in May 2008. At this stage, the stock is in a medium-term downtrend, that is very much intact. Nevertheless, the stock is also in a short-term uptrend where the resistance is at 151.52. A strong horizontal support at 110 is also noted. The short-term outlook for FSLR is bullish. Fresh long should be made only when the stock moves above $151.
Chart courtesy of www.stockcharts.com ( click to enlarge )SPWRA is testing its short-term uptrend line support of 23.80. We can also expect strong support from the psychological support of 23.96 ( 20-day moving average ). A rebound from these supports is likely. Thus, Sunpower could be a good trading buy, with a stop loss at 22.62. Technically the chart is showing a slightly bullish bias. The MACD is near to cross above its signal line and RSI is also increasing after hitting oversold levels. The stock price is now riding on an upward channel.
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. Have a nice weekend !!!!
AC
