--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | Trade Ideas for Tuesday - Rambus and Netflix » | Cristiano Ronaldo will become the most expensive f... » | Hot Solar stocks to watch next week : Evergreen So... » | Stocks to watch Friday - Juniper Networks and DayS... » | Hot stock for tomorrow - Evergreen Solar » | Stocks to watch Wednesday- Texas Instruments and C... » | Stocks to watch Tuesday - Medis Technologies and R... » | Stocks to watch next week - Ascent Solar Technolog... » | Investors more confident about stocks » | Hot stocks for Friday - Canadian Solar, China Sune... » 

Tuesday, June 16, 2009 

Trade Ideas for Wednesday - Trian Solar and Evergreen Solar

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

TSL has been selling off the past week, but looks like it finally found a bottom in the short-term. Today the stock closed positive for the first time in over a week. If TSL can break through Tuesday’s high of $25.68, we should see heavy buying come and it will be a great buy here. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $23.18.

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

Another solid session for ESLR. The continued strong volume on upside moves indicates more than just short covering. I expect another rally soon. The momentum clearly favors the bulls. The resistance level for the stock is now $2.68, which was today’s high. Support remains in the 2.20-2.38 range. The stock has room to run, so watch it closely on Wednesday.

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: ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google