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Thursday, June 04, 2009 

Hot stocks for Friday - Canadian Solar, China Sunergy and Ciena

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

CSUN bounced with the market on Thursday, but did not hit resistance at $4.20. I still like this stock and will watch it again on Friday. Resistance stays at $4.20, which was last week high. Technically, China Sunergy looks very good here, especially if market attempts a rally again. Although the moving average still shows weakness as 50 day moving average is below 200 day moving average, positive momentum seems to be back. You need to watch CSUN closely as it will move quickly once it breaks through resistance.

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

CIEN tried to break down on Thursday as the stock opened lower on the day after the earnings. Buyers came in to support the stock as it ended up $0.61 on the day. The stock hit a high of $11.88 on Thursday, which is resistance for Friday’s move. If the stock does break resistance, I expect to see a strong upside move as traders buy up the stock. Cien can be a fast moving stock and there looks to be good upside potential here, so watch the stock very closely on Friday.

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

CSIQ is breaking out. The stock broke through the highs set last week, and should continue to move. All the trends in stock indicators are positive or neutral. Technically, I continue to believe the stock will test the the prior highs of October 2008 at $16.15. CSIQ is a fast moving stock, so you need to watch it closely on Friday.

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

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21:44 | |

Thursday, May 28, 2009 

Solar stocks to follow - Yingli Green Energy Hold., Renesola and China Sunergy Co.

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

YGE - Yingli Green Energy Holding Company Limited, is a vertically integrated photovoltaic (PV) product manufacturer in China. The stock is starting to show signs of acumulation with high volume on upside days and low on dowside days. The technical daily chart shows the stock is in a short term bull market rally with MACD on top of signal line and K line on top of D line. The near-term outlook would depend on the price movement in the next few days. A close above $12.65 would impart bullishness and would help the stock move to the 13-15 area. A drop below 11.00 would have negative implications that would push the stock down to the 10-9.52 range. The stock might test $15 level in the short term if it is able to sustain above $11 .

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

CSUN has a Bullish looking stock chart, price broke out from the horizontal resistance mark around 4 share Wednesday on a respectable volume. The stock is displaying upside momentum and is poised to move higher from these levels. The pull back of today is minimal. Trending indicators still showing positive signals.

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

SOL - I have followed this stock for while and over the last weeks I never seen so many buyers purchasing the stock. The volume over the recent days has dramatically increased. There are some days when the normal average volume is reached in the first two hours of trading, which mean someone is accumulating a huge amount of shares for the coming months. The On the balance indicator shows exactly this situation. Probably the turning point for solar stocks is getting clearer and many people decided to readjust its own portfolios with some of the best players for the coming months. With Oil moving up again, the appetite to buy solar stocks will be on the priorities of many fund managers......it's my guess. I bet on Renesola for the short-term and medium term.

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

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21:57 | |

Saturday, April 04, 2009 

Solar stocks to watch next week : Sunpower , First Solar and China Sunergy

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

CSUN - Looking at the technical daily chart the stock is in a good short-term uptrend. The price has bounced off the low of 1.36 touched in late March. The price can head towards the 3.48-3.50 zone. If this zone is surpassed, getting to 4.65 would be a possibility. Add to your position once there is a close above this level.

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

FSLR has been drifting lower since making a high of 317 in May 2008. At this stage, the stock is in a medium-term downtrend, that is very much intact. Nevertheless, the stock is also in a short-term uptrend where the resistance is at 151.52. A strong horizontal support at 110 is also noted. The short-term outlook for FSLR is bullish. Fresh long should be made only when the stock moves above $151.

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

SPWRA is testing its short-term uptrend line support of 23.80. We can also expect strong support from the psychological support of 23.96 ( 20-day moving average ). A rebound from these supports is likely. Thus, Sunpower could be a good trading buy, with a stop loss at 22.62. Technically the chart is showing a slightly bullish bias. The MACD is near to cross above its signal line and RSI is also increasing after hitting oversold levels. The stock price is now riding on an upward channel.

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

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05:36 | |

Friday, March 20, 2009 

Solar Stocks to Watch on Friday - LDK Solar, China Sunergy and Canadian Solar

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

CSIQ is another strongly trending stock that is finding resistance in the 50 day MA area at $4.64 . If the nasdaq makes a run, the stock should breakout this resistance. At these levels I prefer wait for the breakout confirmation to see if this movement will continue. Shareholders may remain invested with a stop-loss at $4.

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

CSUN successfully broke the resistance at 1.66 confirming a reversal from the previous downward trend. Target price for the pattern is at $2.50. The breakout also moved past the 20 day moving average. From the technical chart KD line shows positive signals as K line is rising on top over D line, and RSI continue moving up. OBV is beginning to turn around which suggests the stock is no longer being sold off. Stock as a major resistance at $2.46. I suspect the stock may continue to appreciate over the coming weeks.

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

LDK - The recent increase in trading volume and rising OBV suggests buyers are accumulating stock. A breakout above $5 would constitute a technical entry for the short term trader looking for a quick trade.

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

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09:19 | |

Friday, January 18, 2008 

Trade Ideas for Friday - GOOG, APOL ,CNXT, AMGN, CSUN

Chart courtesy of stockcharts

On the down side in the Solar sector, CSUN is the only stock down 10 days in a row, so I think we should see a bounce at these levels.

Chart courtesy of stockcharts

AMGN - In the daily chart above the stock is forming a possible Inverted Head and Shoulders Pattern. These formations normally indicate a trend reversal, let's see if the stock price will confirm it. The break of $48.45 level with heavy volume should be the next buy point on AMGN.

Chart courtesy of stockcharts

CNXT - MACD Fast line crossed above 0 or MACD Slow Line, producing a Buy signal. Keep an eye on stock for a possible breakout above its 20 dma, now at $0.77.

Chart courtesy of stockcharts

APOL - Once again the stock failed to breakout above the $81 level. It looks like it will test 50-day moving average before move up again. Although the technical chart shows some negative indication as K line is now below of D line, since both 50 day and 200 day moving averages are still going up the stock is still in a bull market.

Chart courtesy of stockcharts

GOOG - The stock broke down through the $622 support line accompanied by volume. If Google doesn’t close tomorrow above this mark, we should see more declines in share price. The stock is very weak as MACD is still deep below 0 and the stock is deep below 50 day moving average.

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. Have a nice evening !!!

AC

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02:14 | |

Thursday, January 03, 2008 

Crude Oil prices - Can only be speculation !! Trade Ideas - CSUN , CSIQ and RMBS

Chart courtesy of stockcharts

Looking to the overall picture in current markets and based on yesterday sell-off, its obvious that investors still worried with problems like credit and commodity prices, however many of them still forgetting that companies are still presenting interesting outlooks and fundamentals forthis year. I know that many of you, are looking for these words and thinking that I'm really blind, but I'm not!! At these levels and after a big rally since 2003, it is natural see some correction, so this could be the main consequence of the recent decline in share prices since October, not as a consequence of high degradation of the state of the economy. I'll be worried if job market starts losing jobs, this will be the real issue for me, because the lack of jobs will create more soon than later lack of spending and so on, so my eyes will be only focus on tomorrow job numbers. The Labor Department report should give a clue to all whether the solid job market that existed last year can continue in 2008. On the other hand and looking for crude panorama, let me tell you only one word "Speculation", there are no fundamentals reasons for current prices. People are looking for all ways to pump this commodity, sometimes with ridiculous arguments, it's really unbelievable, but what we have to say about that "Speculation","Speculation", "Speculation". Here are some comments mentioned today "Reuters" by an official from Iran "The problem is not shortage of supply," Hojjatollah Ghanimifard, international affairs director at the National Iranian Oil Company. "I think the main problem isoutside the oil market. Too much liquidity is available","A big part of it is in the paper market of crude oil" Ghanimifard said. Here another example now from Qatar's oil minister "The Organization of the Petroleum Exporting Countries cannot tame the price rise because it is not a result of supply problems","Speculation has been very strong. It's a game for speculators" told Reuters on Wednesday. For people that like to invest in this market, what I have to say is play what you see and not what you think, but be careful because the "bubble" can blast soon.

Chart courtesy of stockcharts

If there is a stock in the semi-conductors sector that still performing very well even after consecutives falls of SOX, is Rambus. Stock is playing very well is this bad environment with a good looking chart. The above chart is a 6 month chart. As you can see, RMBS is holding in the rising channel recently formed. RMBS is and has been under consolidation for sometime now. If we were to consider the MACD divergence, it indicates that the possibility for RMBS moving higher. Keep this on your watchlist.

Chart courtesy of stockcharts

Here is a chart of China Sunergy. Looks to have a small bull flag formed as indicated by the white lines. We have had a nice rally off the lows in November that has broken the downtrend, and now we have formed a small consolidation flag. A breakout above this flag is a legitimate long side entry in the stock, so stay tuned on CSUN.

Chart courtesy of stockcharts

Canadian Solar shares ended today session gaining more than 4% to $29.90, with more than 4 million of shares trading. Looking at the daily chart, stock is in a strong bull market with 50 day moving average on top over 200 day moving average, printing a nice uptrend. In addition, MACD and KD still show bullish sign as MACD is still above 0 and K line crossed recenlty above D line again. At these levels, buy point is on the day it breaks the $31.44 area on heavy volume. Keep an eye on her.

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. Have a nice evening !!!

AC

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23:58 | |

Sunday, December 30, 2007 

Stocks to keep your eye on Monday - CSUN,FSLR, CHINA, RIMM, BUCY

Chart courtesy of stockcharts

BUCY - This stock has a good looking chart, and it looks like to be forming a bullish flag. Entry point will be on the day when stock breaks above $104.36 on heavy volume. Looking at the daily chart the investor sentiment in BUCY showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Keep it on the radar for a possible break out in the near future.

Chart courtesy of stockcharts

Research in Motion closed the day on Friday near the flat line, losing just 0.36% to $116.94. Looking at the daily chart stock blow out on earnings and it looks like is forming now a bull flag. At this level, buy point will be when stock breaks the upper line on heavy volume. Keep an eye on her.

Chart courtesy of stockcharts

I was looking over a list of today's strongest stocks and noticed CDC Corp. “CHINA”. Company said its directors and executives repurchased about 468,000 of its shares under a prearranged trading program in the last nine trading days. Shares ended the session gaining more than 20% to $4.95. Looking at the daily chart stock is trading in a clear Bear Market. This rally put me in a neutral zone to invest at these levels even with this news. I prefer stay away from stock and wait for a close above its 13 dma to enter long.

"Daily Rambus" Chart courtesy of stockcharts

"Weekly Rambus" Chart courtesy of stockcharts

The daily chart shows Rambus is trading in a Bullish momentum. The Technical chart shows positive sign as the stock has been above 50 day moving average since mid September and has formed golden cross earlier November. Golden cross is when 50 day MA cross on top over 200 MA and is a very bullish buy signal. Presently, this stock is sitting right around the 13 dma. Meanwhile, the weekly chart shows the stock is pushing into a longer-term resistance area. A move above 25 would mark a long-term breakout. There is something interesting for this scenario occur, the January series shows a huge amount of calls at the 25 and 30 strikes, it looks like people are really convinced that stock will breakout over $22 and $25 soon. Let’s keep an eye on it.

Chart courtesy of stockcharts

FSLR shares jumped to all time highs over this week, making consecutives new highs. Stock is in a tremendous Bullish moment, with all indicators showing strength to move up, its 50 day and 200 day moving average still going up, while MACD is above 0 and RSI in Bullish territory. This stock is one of the best performances of 2007.

Chart courtesy of stockcharts

One stock that was in focus this week has been CSUN that jumped on Wednesday more than 30% and more 16% yesterday. The stock broke out on Wednesday with huge volume. So, after recent rally a pull back should be seen as a natural and welcome movement. I would wait for a little consolidation before jumping in, but it looks like CSUN is a stock to keep an eye on for awhile. Resistance at $19.23 and support is at $15.

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. Have a nice weekend !!!

AC

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23:44 | |

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  • 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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