Stocks to watch next week - Ascent Solar Technologies, Yingli Green Energy Holding and JDS Uniphase
Chart courtesy of www.stockcharts.com ( click to enlarge )ASTI has resistance at $7.15, which was the high from Friday. The stock is trying to break through the major resistance at $6.98, and that may occur next week. If ASTI breaks through resistance, we should see a strong follow through move. Thechnically chart looks Bullish, with the 50 dma going up and MACD on top of 0. There is good upside potential in ASTI, so watch the stock closely on Monday.
Chart courtesy of www.stockcharts.com ( click to enlarge )YGE broke the resistance on Friday, but not the move I expected. The stock broke early the $15, but pulled back down to close up 0.14 on the day. I'm watching the stock again on Monday, and I'm buyer once it breaks through Friday’s high of $15.48. We need to watch YGE for a few more days because there is good upside if the buyers return or there is any positive news on the company.
Chart courtesy of www.stockcharts.com ( click to enlarge )JDSU - Wednesday, the stock broke out of the range that I thought would have happened on Monday. This move should be the start of a bigger move. Resistance for this continuation move is $6.35, Friday’s high of the day. If the stock can break through resistance, expect to see heavy buying drive the stock higher. There is good upside in this trade, so watch JDSU closely on Monday. Technically in a Bullish Mode.
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
