Hot Stocks to Watch - JDS Uniphase Corporation , Rambus and JA Solar Holdings Co
Chart courtesy of www.stockcharts.com ( click to enlarge )As I mentioned on Twitter last Friday, I keep holding my long position in Rambus waiting for something BIG. There are lot of strange things currently happening that many of us don’t know, but it’s a fact that people still believe that a huge deal between Samsung and Rambus may be in place. I’m one of the believers too. Well, looking now at the technical chart the stock is in a rally as K line is rising on top of D line as the price is back above 50 day moving average. Fresh exposures may be considered on price weakness, with a stop-loss at 16.70. Further rally is now in favor and target would be 19.94. Key support is now at 16,70, only fall below could take price back towards 16.
Chart courtesy of www.stockcharts.com ( click to enlarge )JDSU has made an awesome move on Tuesday breaking out of a small resistance line. The technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. Resistance is now $7,41, which was today’s high.
Chart courtesy of www.stockcharts.com ( click to enlarge )In line with my anticipation, the stock confirmed today the reversal when it broke up above the $3.61 level. The stock price is now riding on an upward movement. Technically, my model remains long, targeting 4.32 ( 50 dma ). Immediate support is seen at 4 area. CCI heading up towards -100 line on daily chart. JASO can be a good trading stock, so watch it closely on Tuesday.
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...
Cheers!
AC
