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Monday, June 08, 2009 

Stocks to watch Tuesday - Medis Technologies and ReneSola

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

SOL - After a long up leg that brought prices from the March low of $2 to Monday highs of $6.92, the stock has gained more than 200 percent. Can we open long positions now? Aggressive traders may open long positions and I really like the chart but at this level I would wait for a pull back before putting any cash to work.

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

MDTL was the stock of the day, it was up 218%, and traded more than 30 times the normal volume. Honestly, I never seen anything like this before. This is not normal. Technically the daily chart above shows new rally has just begun as K line has just crossed on top over D line. It looks like it is starting to turn back up and indicators are giving the first bullish signs. Stay tuned on MDTL, because I believe that something is going to happen soon.

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 !!!


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despite of what stoch is telling you, arent you afraid of a big SELLOFF tomorow ?


I am not afraid of any big sell-off in the market. This is not a typical move in MDTL. Therefore, I'm not afraid at all.

Have a nice day !!!


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About Me

  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 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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