AC Investor Blog: 05/01/2009

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Saturday, May 30, 2009

Stocks to keep a look out for next week - Noble Corporation, Trina Solar and Rambus

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

Friday, NE broke above the strong horizontal resistance of $33.78 to close at $34.37. Further rally could be seen to retest $40 medium term resistance. As long as the stock stay above 33.78 area, the bullish scenario is still intact. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. Next targets for the stock are $35.08 and $40. Only a close below $33.78 reverses the current uptrend.

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

Trina Solar has rallied from below $6 to above $24 in just three months, a gain of over 300%. The technical chart shows very strong upward momentum as the stock is trading above the 50 day moving average with both 13 day and 50 day moving average going up. At this point I'm buyer only once it breaks through Friday’s high of $25.42 for the continuation move. Stochastics and the RSI are overbought but remain bullish signaling.

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

RMBS seems in a good bullish momentum. The new bullish trend on my daily chart looks good. My model is long, targeting 15. Key resistance is now located at 13.20, a break above this level will confirm the bullish trend, and the following uptrend will take price up to 15 zone. CCI heading up towards 100 line on daily chart. The Relative Strength Index is also moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication.

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 great weekend !!!

AC

Labels: NE, RMBS, TSL

08:37 | Permalink |

Friday, May 29, 2009

Solar energy will be 25% of world electricity by 2050

The use of solar power plants have the potential to generate up to one quarter of global electricity in 2050, outlined a report made by advocates of solar energy group, published this week. The study was conducted by environmental group Greenpeace, the European Association of Electricity End-Solar (ESTELA) and the group SolarPACES, the International Energy Agency (EIA). "The solar power plants are the next breakthrough in renewable energy, 'said Sven TESKE of Greenpeace International and co-author of the report. The technology is suited to areas warm and cloudless, as the Sahara desert or the Middle East. Through a combination of mirrors to concentrate the rays of the sun, the energy generated can meet the needs up to 7% of the world 'in 2030 and in 2050, the' up to 25%, in an optimistic scenario, according to the report. Investments this year in the construction of solar power should exceed 2 billion worldwide this year, with the largest facilities in California and in southern Spain. The forecast is based on a strong increase in investments, and EUR 21 billion per year by 2015 and 174 billion per year by 2050, "creating thousands of jobs. Accordingly, the plants will have "a capacity of 1500 gigawatts by the year 2050. The technology used concentrated solar energy through mirrors or lenses, bringing rays of the sun at temperatures between 400 and 1,000 degrees Celsius - enough to feed a central generator of electricity. Late last year, the concentration of energy facilities in the world had only 430 megawatts of capacity. I'm completely sure that in the next five years, solar energy will be an affordable option for everybody. Until now, the materials and the process of producing solar cells to convert into solar energy have been too costly for widespread adoption. But fortunately this is changing, with the creation of “thin-film” solar cells, a new type of cost-efficient solar cell that can be 100 times thinner than silicon-wafer cells and produced at a lower cost. These new thin-film solar cells can be “printed” and arranged on a flexible backing, suitable for not only the tops, but also the sides of buildings, cell phones, notebook computers, cars, etc.....The world is changing and we need to move accordingly.

AC

19:31 | Permalink |

Thursday, May 28, 2009

Solar stocks to follow - Yingli Green Energy Hold., Renesola and China Sunergy Co.

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

YGE - Yingli Green Energy Holding Company Limited, is a vertically integrated photovoltaic (PV) product manufacturer in China. The stock is starting to show signs of acumulation with high volume on upside days and low on dowside days. The technical daily chart shows the stock is in a short term bull market rally with MACD on top of signal line and K line on top of D line. The near-term outlook would depend on the price movement in the next few days. A close above $12.65 would impart bullishness and would help the stock move to the 13-15 area. A drop below 11.00 would have negative implications that would push the stock down to the 10-9.52 range. The stock might test $15 level in the short term if it is able to sustain above $11 .

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

CSUN has a Bullish looking stock chart, price broke out from the horizontal resistance mark around 4 share Wednesday on a respectable volume. The stock is displaying upside momentum and is poised to move higher from these levels. The pull back of today is minimal. Trending indicators still showing positive signals.

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

SOL - I have followed this stock for while and over the last weeks I never seen so many buyers purchasing the stock. The volume over the recent days has dramatically increased. There are some days when the normal average volume is reached in the first two hours of trading, which mean someone is accumulating a huge amount of shares for the coming months. The On the balance indicator shows exactly this situation. Probably the turning point for solar stocks is getting clearer and many people decided to readjust its own portfolios with some of the best players for the coming months. With Oil moving up again, the appetite to buy solar stocks will be on the priorities of many fund managers......it's my guess. I bet on Renesola for the short-term and medium term.

That's all folks. See you tomorrow !!!

AC

Labels: CSUN, SOL, YGE

21:57 | Permalink |

Wednesday, May 27, 2009

Solar stocks to watch - ReneSola Ltd. and JA Solar Holdings Co.

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

ReneSola is a manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells. The company is profitable and is growing at a rapid clip. I bought ReneSolar this week in the range of 3.72 -4.15, and I expect the stock will continue to move up strongly. From a technical perspective, the stock finally broke out above $4 a share today with a strong volume expansion. It has a short-term target of 4.30 and it could move a lot further given a very strong short-term bullish trend. The technical chart shows the stock is now back to uptrend and with K line above D line and RSI above 50 we may see more upside. The +DI is also above the –DI another bullish sign. In addition, MACD has generated a buy signal and is currently above the 0 line. I think the stock will be heading higher. Technically Bullish.

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

JASO closed at 4.25 on Wednesday, up 0.26 cents points for the day, reconfirming the new uptrend after the recent break above the major resistance on expanding volume. The technical indicators are looking better for the stock. The technical chart shows a very bullish sign as the stock is back on top of 13 day moving average. In addition K line is still above D line and MACD above 0, showing bull market. For now, expect a run up to next resistance area around $4.80. If the stock is able to cross it and sustain above it, then it might go to $5.60 ( 200 EMA ). Support lies around $3.64. Technically Bullish.

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

Labels: JASO, SOL

21:20 | Permalink |

Tuesday, May 26, 2009

Hot stocks for Wednesday - Rambus and Network Appliance

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

NTAP - The stock closed at 19.93 on Tuesday, up 1.47 cents points for the day. The technical indicators are looking better now for the stock. NTAP has broken the upper channel line of this short term downtrend line and is now very bullish with the breakout having a large spread and volume. Looking at the daily technical chart the stock has just entered into a bull market as the stock is on top of 50 day and 200 day moving average and 50 day moving average has just crossed on top over 200 day moving average to form Golden Cross, a very positive sign. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as K line crossed on top of D line. Technically speaking the stock is painting a “Bullish” picture.

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

Rambus surged on Tuesday after it has announced that the U.S. District Court for the Northern District of California has ordered Hynix Semiconductor Inc. to secure the judgment amount of approximately $397 million through a combination of a bond and a lien on a Hynix property in South Korea for infringing Rambus patents. Rambus is the frequent subject of patent infringement & anti-trust claim issues. Hynix Semiconductor, Samsung Electronics, Micron Tech have had patent infringement suits with Rambus. From a technical perspective the stock broke an important resistance at $12.50 with good volume. This means there is more upside. I think this is quite likely. The decline over the last few days occurred on lower volume and the stock is firming above its 13-day moving average. The technical chart shows the stock is now back to uptrend and with K line above D line and RSI above 50 we may see more upside. In addition, the on balance volume is increasing, this clearly shows that smart money is moving into the stock. The share price is likely to move to the target zone of the 14.62-15 range. For the long term the stock should still continue to go up.

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

Labels: NTAP, RMBS

21:29 | Permalink |

SLR McLaren Red Gold Dream

Let me share this information with you. I just got an email a few minutes ago from my friend John Smith that lives in Orlando saying, AC you might not believe but what you'll see here is the most excentric car ever made. Well, after that, my curiosity was just growing even more and decided to quickly open the attachs mentioned there. The pictures that you'll see here are something unbelievable and totally amazing.

The Middle East has been signing as the center of luxury in the world and this is no different when it comes to cars. After purchasing an exclusive Mercedes-Benz SLR McLaren, a resident of Dubai decided to make it unique. The task was made by the studio Swiss Ueli Anliker Design, which promoted modifications on the engine, by increasing the power to impressive 999 horsepower - for purposes of comparison, the version 722S, already the most powerful produced by Mercedes, has 650 horses.

Furthermore, the model has received several aerodynamic modifications, such as the inclusion of a huge spoiler in the front and one in MUNI scaled back in order to increase the aerodynamic pressure. According to prepare, the model reaches 349 km / h maximum speed - before 335 km / h in 722S.

But what the most impreses in this model was the final touch. Were no less than 500 rubies and 14 kilograms of 24 carat gold distributed in the car, and details of the body, wheels and interior. Even the seats were filled with the precious metal.

Called SLR McLaren Red Gold Dream, the model is estimated at no less than 4.3 million dollars.

AC

19:31 | Permalink |

Saturday, May 23, 2009

Stocks to watch next week - Verisign, Helmerich & Payne and Noble Corporation

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

NE remains in a clear uptrend. The outlook is bullish and the stock could move to 33-34 levels in the near term. Fresh exposures may be considered on a close above 31.63. Stop-loss for existing holdings may be placed at 29.23. My model goes long targeting 35.08. CCI heading up towards 100 line on daily chart. As long as NE holds the lower channel trendline, the bulls are in firm control.

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

HP is sitting near its 200 day moving average at $30.70. I consider it to be a good support because it served as an important resistance level twice in the past. However, I note that the daily momentum indicator is displaying bearish divergence, which portends weakening in the bullish momentum. Hold with a stop-loss at $29.64.

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

This is a good looking chart. VRSN has been consolidating for the past two weeks after a nice channel breakout. It has been pulling back on decreasing volume and is starting to turn back up on the 20-day moving average. In addition, the technical daily chart shows this might be a good time to buy as the stock is trading above 50 day and 200 day moving average while MACD is above 0, indicating bull market. VRSN is now sitting near the previous breakout area which could provide a great support.

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 on Tuesday !!! Enjoy your weekend !!!

AC

Labels: HP, NE, VRSN

03:11 | Permalink |

Thursday, May 21, 2009

Stock of the Day - Renesola Ltd

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

SOL - The stock made a nice move on a good earnings report, closing up 7%. From a technical perspective, this stock looks great as well. It is currently moving in an ascending triangle formation and a breakout looks eminent. If it breaks out of the ascending triangle, target price is at 6.24. The volume for the past 3 weeks has been good so it is also a good indication that this stock is pulling out of the bearish dive. A good breakout volume would be above 4 million shares traded. The stock has been on a rise recently as K line is on top of D line indicating a buy signal. Now with stock back above 13 day and 50 day moving average the stock may see more up side with MACD also rising. SOL could be a good stock for medium-term investment, based on its historical performance and from the technical indicators. Let's keep an eye on it.

That's all Folks. See you tomorrow !!!

AC

Labels: SOL

22:09 | Permalink |

Wednesday, May 20, 2009

Trade Ideas for Thursday - Symantec and Verisign

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

VRSN - The stock didn’t made a significant moves on Wednesday. My model remains long, targeting 25.83. Immediate support is seen at 22.93. The technical chart is still showing buy signal with stock trading above 50 day moving averages with MACD on top of "0".

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

SYMC - Today, the stock continued it’s bearish momentum. On the daily chart, we can see that the stock tested but failed to break its 200-day moving average at $15.66. Looks like more downside potential likely after the stock failed to move past this level on a closing basis. Immediate support is seen at 15 followed by 14.5. Initial resistance at 15.60.

That's all Folks. See you tomorrow !!!

AC

Labels: SYMC, VRSN

21:15 | Permalink |

Tuesday, May 19, 2009

Solar stocks to watch tomorrow - JA Solar and LDK Solar

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

LDK breaks above the key resistance zone at 9.08 ( MA 13 ), signifying that a new short term uptrend is in place. Further rise is expected to 10.10 zone in next several days. Indicators are also showing signs of recovery. Near term support is now located at 8.2, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at 8.20.

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

JASO has a strong resistance at 3.21 ( MA 50 ) while short-term support exists at 2.80. My focus remains on the bullish reversal scenario showed by the last big white candle. This is usually considered bullish, as prices closed significantly higher than they opened. A break to the upside could trigger potential bullish momentum targeting 4.05 area. Stop-loss for long positions may be placed at 2.80.

That's all Folks. See you tomorrow !!!

AC

Labels: JASO, LDK

21:43 | Permalink |

Monday, May 18, 2009

Hot stocks to watch Tuesday - Ciena and Rambus

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

CIEN - The stock failed to drop below its 200-day moving average. The chart is showing signs of of strength again for the short-term. The momentum indicators are giving a buy and are moving into a positive zone. From a technical perspective the rally is back again as K line has just crossed on top over D line and stock is back above 5 day moving average, a positive signal. The short-term outlook would remain bullish as long as the price holds above the stop-loss level of 9.21. The stock could move to the immediate target zone at 11.60-12.20.

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

RMBS still showing signs of accumulation both on the balance volume indicator and CMF. We are in between two critical levels, 12.50 upside and 10.78 downside. The stock will take a move only after a breakout/breakdown beyond these parameters on heavy volume.

That's all Folks. See you tomorrow !!!

AC

Labels: CIEN, RMBS

19:19 | Permalink |

Joy at Work

In time of crisis, the ability to smile in employment is becoming less common, so some companies have started trying to find solutions, here's one that intrigued me most.

18:53 | Permalink |

Saturday, May 16, 2009

Stocks to watch next week - Sandisk Corp. and American Surperconductor

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

Downward bias in AMSC. The stock broke support of $23.50 Thursday on above average volume. AMSC can continue going down and a drop to the 19-19.50 range appears likely. Intermediate trend remains up, however short term momentum indicators, like MACD, RSI and Stochastics are now in Bearish areas. Although the stock has been on the decline recently due to dropping KD, the stock overall is still in bull market, with 50 day moving average above 200 day moving average. Unless the AMSC can recover above the resistance at $23.50, the technical outlook for the stock will be bearish and we should reduce our exposure. If it can close above this level, then expect more upside. If this happens, American Surperconductor is a good play.

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

SNDK - After a long up leg that brought prices from the March low of $7.53 to May highs of $16.48, the stock has gained more than 100 percent. The recent pull back is an expected market correction from overbought levels. The stock can go back up as fast as it fell. The technical chart looks positive as 50 day moving average has crossed on top of 200 day moving average around February to form Golden Cross. In addtion, the daily relative strength index (RSI) is rising in the neutral region towards the bullish zone and KD shows positive sign as K line is now back above D line. I expect the stock to move up further until it hits my price target of 14.53 in the upcoming trading sessions.

That's all Folks. Have a nice weekend !!! See you on Monday !!!

AC

Labels: AMSC, SNDK

17:53 | Permalink |

Thursday, May 14, 2009

Hot stocks for tomorrow - Rambus and Advanced Micro Devices

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

Rambus shares soared on Wall Street on Thursday after the Federal Trade Commission issued an order dismissing the remainder of its antitrust case against the memory chip designer. In the order, the FTC also indicated that it would not pursue further proceedings against the company, as it would not be in the public interest. The stock closed up by $1.52 at $12.30 on above average volume. From a technical perspective the stock breaks above 11.98 key resistance, suggesting that the short term correction has completed and downtrend resumed this morning. Further rebound is expected to test 13.20 previous high resistance,if a break above this level occurs, price could eventually target the 15 region to the upside. Initial support is now at 11.33, only fall below this level will signal deeper decline to retest 10.34 level.The medium term trend is positive as the stock is trading above both 50 day and 200 day moving averages.

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

Although AMD has lost its steam, this stock is still on the bullish outlook as MACD is still on the positive side with MACD above signal line. In addition the on Balance Volume is in an upward trend it basically shows that the stock has being bought. Initial support is located at 4.03 on daily chart. As long as the trend line support holds, the uptrend will continue.

That's all Folks. See you tomorrow !!!

AC

Labels: AMD, RMBS

20:21 | Permalink |

Trade Ideas for Thursday - Advanced Micro Devices, Intel and Real Networks

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

INTC formed a sideways consolidation in a narrow range between 15 and 16. Further rise is still in favor after consolidation, and the next target is at 16.60 zone. Initial support is at 15.02 and followed by 14.87, only fall below 14.50 level will indicate that the rise from 11.95 has completed.

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

AMD breaks above 4.50 resistance but failed to close above it. However, further rise is still possible and the next target would be at 5.20-5.5 area. Initial support is at 3.97, as long as this level holds, we'd expect the uptrend to continue.

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

RNWK is testing the support of 2.50. As long as the stock stays above this level, we'd expect range trading between 2.5 and 2.8 to continue. However, a break down below 2.5 level will signal deeper decline to 2.2-2.4 area. Near term resistance is at 2.63 followed by 2.75.

That's all Folks. See you tomorrow !!!

AC

Labels: AMD, INTC, RNWK

19:33 | Permalink |

The top 3 most beautiful places on Earth

What is the most beautiful place on Earth? Discover my answer for this question below. You have to agree with me that am a great question; i think that it would be different for everyone. These places are the most visited, but also the most mysterious and complex that reflects the history of our civilisations or the wonders of nature. I have the feeling that the post can create some controversy, but the facts don't lie and below places were distinguished as the most beautiful places on earth. Find out its names.

I listed in the first place the beautiful Inca city of Machu Picchu. It was built in the highlands of the central Andes Mountains in the 14th century. Located at 2.430 m above sea level, in the middle of a tropical mountain forest, the Inca city of Machu Picchu was probably the most amazing urban creation of the Inca Empire at its height; its giant walls, terraces and ramps seem as if they have been cut naturally in the continuous rock escarpments. The archaeological area of the Inca is the most complete city that survived the Spanish invasion. The Inca city of Machu Picchu was discovered by Hiram Bingham on the July 24th, 1911 and it is in the UNESCO World Heritage List since 1983. Currently, the archaeological area is considered in danger due to landslides and the high number of tourists that everyday visit this place. Moreover, I consider The Inca city of Machu Picchu as one of the most beautiful and historical places to visit.

In the second place comes one of the most beautiful wonders of nature, The Iguazu waterfalls. The waterfall is located right at the border of the countries of Argentina, Brazil and Paraguay. The waterfall itself is physically located in Argentina, but it is very common to also visit the Brazilian side as well. You can see a great amount of water gushing over 230 feet from above the waterfall or from many different angles in the surrounding area. The view of the landscape is phenomenal and the sound of falling water is tremendous. On the Argentinean side of the waterfall you can walk right around the falling water, take a boat tour to the mouth of the waterfall, and explore the National Park next to the waterfall. On the other hand, the Brazilian side offers beautiful panoramic views and displays the full splendour of the wonder of the world.

The third place belongs to The Taj Mahal the crowning jewel of Indo-Islamic architecture. It was built in 1648 by a Muslim, Emperor Shah Jahan in the memory of his dear wife and Queen Mumtaz Mahal. Located in Agra, India, The Taj Mahal is generally regarded as one of the eight wonders of the world and considered the finest example of Mughal architecture, a style that combines elements from Persian, Turkish, Indian, and Islamic architectural styles. The Taj Mahal itself is built entirely of white marble with a central dome that rises to a height of 213 feet. In 1983, it became a UNESCO World Heritage Site and was cited as the jewel of Muslim art in India and one of the universally admired masterpieces of the world's heritage. Basically it is an integrated symmetric complex of structures, elaborate gardens, and reflecting pools in a vast complex bordering a narrow river.

These are the places that form the beauty and diversity of this world. Now you know where you should spend your bucks. Get my tips and have a nice trip !!!

AC

19:32 | Permalink |

Tuesday, May 12, 2009

Hot stocks for Wednesday - PetMed Express and Advanced Micro Devices

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

The technical chart of AMD has become increasingly bullish and is currently consolidating in an attractive pattern. Technically this looks like the stock is ready to bust to the upside in a possible very strong move. From the chart above , we can see the stock is in a strong bull market with 13 day moving average on top over 50 day moving average and MACD is above signal line. As K line back above D line we should see the stock keep going higher. A move past 4.50 would be a strong indicator of a further uptrend in the stock.

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

The stock has broken the upper channel line of this short term downtrend line. PETS is very bullish with the breakout having a large spread and volume. Looking at the technical indicators, we have the MACD above Zero Line and RSI Above 50, indicating the stock is in a “bullish” trend. In addition, the chart shows a very bullish sign as 50 day moving average has just crossed on top over 200 day moving average "the Golden Cross". The Golden Cross indicates a bull market and it emerges when the short term moving average breaks upward beyond the curve of the longer term moving average, which indicates the end of the down trend and the start of the new up trend. The short-term outlook for PETS is bullish.

That's all Folks. See you tomorrow !!!

AC

Labels: AMD, PETS

21:28 | Permalink |

Saturday, May 09, 2009

Hot stocks to watch next week - Verisign and Yahoo

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

Since the Nov ’08 low was reached, Yahoo has been trading within a 6-month uptrend channel. This week, the stock price finally crossed the 200 day moving average, indicating a buy. From a technical perspective, a buy is signalled when the stock’s closing price crosses above the moving average from below after a down-trend. As long as the stock price is above the MA the trend is defined as bullish. The technical side of the stock does look pretty good as indicators such as MACD, OBV and RSI all indicates continuous trend of strenght. Previous high last October is now the current resistance at 17.20.

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

Verisign broke out of a bullish horizontal channel pattern Friday on a large increase in volume to 13.8m shares compared to its daily avg of less than 4m. Bullish channel breakout suggests more medium term upside. Although the MACD suggests that the medium term uptrend momentum is still intact which favors a stable and sustainable recovery, there could still be a near-term pullback as the RSI has reached the overbought region. As such, there could be a retest of the breakout area which would serve as confirmation. But for now, the stock looks like a nice potential play for an aggressive trader. After the recent positive break out above its 50-day MA and 200-day MA, the stock could see more upside potential in the weeks ahead. The next resistance line is at 25.83.

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 on Monday !!!

AC

Labels: VRSN, YHOO

08:50 | Permalink |

Thursday, May 07, 2009

Solar Stocks to watch Friday - Trina Solar and ReneSola

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

SOL - The stock tried to move to higher price levels (4.50 ) , but was not accompanied by volume so it dropped today. According to the technical chart above no pattern has emerged yet, but what SOL needs is additional volume in its upward move for it to reach the previous high. If more volume does not come in, we could see a side to downward move. For now, a bounce from the support might be forthcoming. However, there is still a big possibility of price moving below 4. Time to stay on the sideline.

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

TSL - Trina Solar shares were down more than 12% today to $16.85$. Today's ample ranging day ( 20.10-16.55 ) associated to the negative divergence of Stochastic indicates that lower prices should be ahead. Stochastic has turned negative and RSI heading down from overbought. Unless there is more good news in the days ahead from Trina Solar , the stock should move to the downside over the next few days to retest its previous resistance line at $14.38.

That's all Folks. See you tomorrow !!!

AC

Labels: SOL, TSL

21:33 | Permalink |

Wednesday, May 06, 2009

Hot stocks for Thursday - Cisco Systems and Gigamedia

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

GIGM has just closed above its 13-day moving average and is almost touching its 200-day moving average. The short-term uptrend is intact and signals further bullishness on this stock. However is important to note that in the past two weeks the stock has faced a severe resistance at the 7.10 level. So, I recommend fresh exposures only when the stock breaches this resistance.

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

Cisco Systems climbs in after-hours after the company reported a fiscal third-quarter profit of $1.35 billion, or 23 cents a share, compared with a profit of $1.77 billion, or 29 cents a share, for the year-earlier period. Excluding the cost of stock-based compensation and other items, Cisco's earnings are 30 cents per share, 5 cents above the average forecast of analysts. This stock has been in a nice uptrend since March. Looking at the technical daily chart the stock is trading above both 50 day and 200 day moving average. Other technical indicator such as MACD, is above "0" showing positive momentum while KD line also show buy signal as K line is on top of D line. The stock faces a strong resistance at 20. A close above this level would impart positive momentum. Stay tuned on it.

That's all Folks. See you tomorrow !!!

AC

Labels: CSCO, GIGM

21:36 | Permalink |

Tuesday, May 05, 2009

Hot stocks for tomorrow - Fossil and Yahoo

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

YHOO - The stock broke and closed above its 200-day moving average on Tuesday (14. 44) for the first time since June of last year. The stock has been trading in a range of $8.94-$28.33 in the past 52 weeks. Looking at the technical daily chart above it shows a new rally is about to begin as K line has just crossed on top over D line as the stock is again back above 200 day moving average. During the month of February, a golden-cross occurred with the convergence of the 13 day moving average back above the 50 day moving average. A more significant golden-cross between the 50 day moving average and the 200 day moving average looks likely in the coming days. Finally, the MACD is in a nice uptrend. All other indicators still point to a bull market. P.S. - There are a lot of people buying calls, betting on Microsoft-Yahoo Merger.

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

FOSL - The stock reversed direction at 20.32 on Tuesday for the fourth time this month. This level is proving to be a strong resistance zone. A strong trend would not be in place unless the stock closes above this resistance. Fresh exposures may be considered on price weakness, with a stop-loss at 18.96 ( 200-day moving average ). A close above 20.32 would be an early indication that the stock is on a new upward move. Watch for high volume and relative strength/weakness before you jump on board.

That's all Folks. See you tomorrow !!!

AC

Labels: FOSL, YHOO

21:35 | Permalink |

Monday, May 04, 2009

Hot stocks for tomorrow - Intel and Rambus

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

RMBS - The stock went as high as $12.80 before closing the day at $12.69, up more than 4 percent. From the technical chart above we can see that the stock is on a bull market as the stock is trading above its 20 dma, 50 dma and 200 daily moving average. This stock is BULLISH in short-term, and BULLISH in mid-long term. The stock has been back on uptrend since early February and now with stock back above 50 day and 200 day moving average and K line rose back above D line we will probably see more positive thing happening to the stock. In addition the On Balance Volume is rising, indicating accumulation of shares. Keep in mind that this stock has been consolidating for a very long time and should have enough fuel for a Big rally. The short-term target for the stock is $16.59.

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

INTC - The stock crossed its 200-day moving average and closed up $0.85 at $16.66. Looking at the technical chart the investor sentiment in Intel stock showed by RSI continues strong. Stock is now trading in a Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. In addition with MACD on top of "0" showing bull market and KD at high level the stock should kept going for now. In order to avoid being caught in a false breakout situation, enter your trade with a stop order at $16.

That's all Folks. See you tomorrow !!!

AC

Labels: INTC, RMBS

21:33 | Permalink |

Saturday, May 02, 2009

Stocks to watch next week - True Religion Apparel and Energy Conversion Devices

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

TRLG - The stock needs to close again above its 200-day moving average on a daily basis in order to mitigate the negative near term view. If the stock fails to move above this level, it can decline to 15 or 14 over the next days. The upside pressure is still there but we have to see a consistent move above 17. At this moment, it would better to abstain from taking any trading positions. Technically, the stock looks somewhat weak as MACD and KD is pointing downwards.

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

ENER - The stock continued its bullish momentum on Friday. ENER topped at 19.49 and closed at 18.71. On the daily chart above we can see that the stock attempted to breakout its major resistance but failed again. A breakout from this sideways zone will give an excellent opportunity for traders to pick up long positions. However, as long as the price still in this area, the bias remains neutral in short term. The techical indicators MACD and Stochastics KD all point to upward trend.

That's all Folks. See you on Monday !!! Enjoy your weekend !!!

AC

Labels: ENER, TRLG

07:30 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Saturday, May 30, 2009

Stocks to keep a look out for next week - Noble Corporation, Trina Solar and Rambus

Friday, May 29, 2009

Solar energy will be 25% of world electricity by 2050

Thursday, May 28, 2009

Solar stocks to follow - Yingli Green Energy Hold., Renesola and China Sunergy Co.

Wednesday, May 27, 2009

Solar stocks to watch - ReneSola Ltd. and JA Solar Holdings Co.

Tuesday, May 26, 2009

Hot stocks for Wednesday - Rambus and Network Appliance

SLR McLaren Red Gold Dream

Saturday, May 23, 2009

Stocks to watch next week - Verisign, Helmerich & Payne and Noble Corporation

Thursday, May 21, 2009

Stock of the Day - Renesola Ltd

Wednesday, May 20, 2009

Trade Ideas for Thursday - Symantec and Verisign

Tuesday, May 19, 2009

Solar stocks to watch tomorrow - JA Solar and LDK Solar

Monday, May 18, 2009

Hot stocks to watch Tuesday - Ciena and Rambus

Joy at Work

Saturday, May 16, 2009

Stocks to watch next week - Sandisk Corp. and American Surperconductor

Thursday, May 14, 2009

Hot stocks for tomorrow - Rambus and Advanced Micro Devices

Trade Ideas for Thursday - Advanced Micro Devices, Intel and Real Networks

The top 3 most beautiful places on Earth

Tuesday, May 12, 2009

Hot stocks for Wednesday - PetMed Express and Advanced Micro Devices

Saturday, May 09, 2009

Hot stocks to watch next week - Verisign and Yahoo

Thursday, May 07, 2009

Solar Stocks to watch Friday - Trina Solar and ReneSola

Wednesday, May 06, 2009

Hot stocks for Thursday - Cisco Systems and Gigamedia

Tuesday, May 05, 2009

Hot stocks for tomorrow - Fossil and Yahoo

Monday, May 04, 2009

Hot stocks for tomorrow - Intel and Rambus

Saturday, May 02, 2009

Stocks to watch next week - True Religion Apparel and Energy Conversion Devices

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