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