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Wednesday, December 17, 2008 

Solar Stocks Shine - LDK, ESLR, FSLR

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

FSLR - The stock closed above its 50-day moving average today on heavy volume for the first time since early September, which is usually a good signal for the short term. The stock is now on the uptrend and with K line now on top of D line First Solar shares have the chance to go much higher from here. If 126.72 holds, next resistance is 160.

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

ESLR - The shares have been on a small rally recently with K line on top over D line. The stock overall is still weak with 50 day moving average now below 200 day moving average. The next upside price objective for the bulls is producing a close above technical resistance at $3.12 ( 50 DMA ). Let's keep an eye on ESLR for a possible breakout over this level.

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

LDK opened weak and closed strong to form a bullish engulfing pattern. A break above $15 turns the trend Bullish. The shares have been on a rise recently as K line is on top of D line indicating a buy signal. Now with stock back above the 20 day moving averagethe stock may see more up side with MACD also rising.

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. See you tomorrow !!

AC

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21:46 | |

Saturday, December 13, 2008 

Stocks to watch next week - EXM, NETL, GOOG, FSLR

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

FSLR - Despite the overall bullish market sentiment, the stock registered a decline of 15 percent from the previous week's close. A close above $128.14 would impart a positive undertone while a drop below $110 on a close basis would impart bearishness. Remain invested with a stop loss at $110.

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

GOOG - Looking at the daily chart the near-term outlook appears positive. A move above the near-term resistance level of $323.47 would help the stock touch the immediate price target of $340-372. Only a drop below $287.30 would negate the positive outlook for Google.

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

NETL - - The stock might face a period of sideways action while it consolidates the gains booked in the last sessions. The stock will face short to medium term resistance at $20.05 ( 50 DMA ). Once this level is crossed with good volumes, the stock can go to $23,26.

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

EXM - The stock has been in a correction phase after a strong upside movement. Only a drop below $5.80 on a close basis would negate the positive outlook for Excel Maritime Carriers shares. Existing holders may remain invested with a stop loss at $5.80. On the other hand, any close above $8.88 would have major positive implications from a long-term perspective.

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. See you Monday !!

AC

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11:20 | |

Sunday, November 30, 2008 

Stock Picks and Trade Ideas for the week ahead - DLTR, AAPL, FSLR, ADP

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

ADP - Traders should be cautious at current levels. Initiate long position when the stock breaches $41.66. From the technical chart it looks like the slide has ended and the stock is now back on the rise again with K line on top over D line and MACD above the sell line. Fresh buying may be considered on a move past $41.66, with a stop-loss at $39.12.

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

FSLR - After a sharp upward move, I think the stock will start a new corrective phase. Although KD show positive sign with K line rising on top of D line, this is not yet the time to buy as the stock is still weak as 50 and 200 day moving averages are still falling and the stock is still on downtrend. The stock is likely to seek lower levels in the coming week. A drop to the $120-118 range appears likely while a close below $117 could lead to a much more prolonged corrective phase.

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

AAPL is still finding it difficult to move above its 20-day moving average. Fresh buy should be initiated only when the stock moves above this line of resistance now at $94.62.

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

DLTR - The stock broke out this week on pretty good volume. If this chart does what is supposed to do, it will be going higher in the weeks to come. At the moment, there is no reason to sell the stock. Hold with a stop-loss at $40.

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. See you Monday !!

AC

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20:27 | |

Monday, November 03, 2008 

Stock Picks and Trade Ideas for Tuesday - CIEN, GM, FSLR

Chart courtesy of stockcharts ( click to enlarge )

CIEN - The stock has a strong resistance at $9.85. Support lies around $8.18. If the stock breaks this level, then it might witness selling pressure. The technical chart shows the long term trend is still weak as the stock has been trading below 50 day and 200 day MA with 50 day MA. It is better to stay at the sideline and see how the stock react for the next few days.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - Next I'm going to take a look at First Solar stock thats making a very bullish trend reversal which broke out today a major resistance accompanied by increased volume confirmation. The overall trend appears really positive. A move to the $175-$185 range appears likely. Existing investors can remain invested with a stop loss at $143. Only a close below this level would negate the positive outlook.

Chart courtesy of stockcharts ( click to enlarge )

GM said today its October U.S. vehicle sales plummeted as weak consumer confidence and tight credit cut into consumer demand for new vehicles. GM sold a total of 168,719 light vehicles in October, down 45.1 percent from 307,408 from the same month last year. This shows how bad the consumer spending is. General Motors has been trading in a downtrend since its highs in October of , depreciating from a 52-week high of $41.93 to a low of $4. Technically only a close above $6.18 would trigger positive sentiment. There is no reason to buy the shares at current levels.

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. See you Tomorrow !!!

AC

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20:36 | |

Saturday, November 01, 2008 

Stock Picks and Trade Ideas - FSLR, NOK, TXN, SPLS

Chart courtesy of stockcharts ( click to enlarge )

SPLS - Staples closed at $18.42 gaining more than 15% but it has failed to cross again above the major resistance at $19.95. Looks like the stock is having a tough time to break $19.95, already tried twice. I expect the stock to 'slow down' this week with the range still maintain within $17.74-$19. Any breakout above $19.95 mean new bullish sentiment for a new target toward $21.10.

Chart courtesy of stockcharts ( click to enlarge )

TXN - The short-term outlook appears positive and a move to $21 appears likely. A close above $19.40 will confirm the short-term bullish outlook. Hold with a stop-loss at $18.40.

Chart courtesy of stockcharts ( click to enlarge )

NOK - As the stock has been an underperformer in the recent months and short-term outlook is also bearish, it would be better to reduce some exposures in this short-term uptrend. The bearish outlook would be negated only in a close above $18.10.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - Shares of First Solar Inc. surged more than 24% on Thursday, a day after the company said its third-quarter profit and revenue doubled, far exceeding analyst expectations. Now, I'm technically bullish on FSLR. The stock rose strongly on high volume following an earnings announcement and it broke out of a descending channel. Also several catalysts for short-term price appreciation exist, such as a favorable earnings announcement, accelerating revenue and earnings growth. The major resistance is now at the 158-161 area. Stay tuned on it.

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. See you tomorrow !!!

AC

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09:53 | |

Thursday, October 30, 2008 

Stock Picks and Trade Ideas for Thursday - PG, FSLR, GE

During this year we saw a sharp deterioration of conditions in financial markets. In a global economy, based on complex connections between different markets, the absence of a solid financial system will bring inevitable setbacks in the growth of the real economy. In fact, the current market condition makes the IMF's forecasts a sharp slowdown in the global economy for 2009, particularly in advanced economies, like US. In consequence of this economical environment, the IMF predicts a slowdown of the U.S. economy from 1.6% in 2008 to 0.1% in 2009. The growth of the U.S. economy was supported in the first half by the contribution of net external demand and consumption, the result of the devaluation of the dollar and the tax checks sent to families. The blurring of the effects of tax checks and reversing the trend of the dollar and the hard conditions of access to credit will lead to a sharp deceleration of the economy in coming quarters, and it is not ruled out the possibility of contraction. The beginning of the recovery of the real estate sector, although weak in the second half of 2009, should lead to a moderate recovery of the economy. We should keep in mind; the recovery of the economies after the crisis in the banking system is slower than the other crisis, because the result of the transmission mechanisms of monetary policy sometimes takes some times to become well successful. As a matter of fact, the market might gain some fuel just on the second half of 2009 or even only in the start of 2010.

Chart courtesy of stockcharts ( click to enlarge )

GE - The stock failed to make headway on the upside after has broken the falling wedge. While the near-term trend appears positive, only a close above $20 would impart positive trend and would push the stock into a short-term bull trend.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - Looking at the daily chart the short-term outlook does not appear positive. A drop to $100-$102 appears likely. A close below $112 would confirm the short-term bearish outlook. Hold with a stop-loss at $111.81. Avoid fresh exposures until the stock closes above the resistance level at $134.22 ( 20-day moving average ).

Chart courtesy of stockcharts ( click to enlarge )

PG - As the near-term trend does not appear bullish, there is no reason to invest in this stock now. The trend would turn positive only a close above $64. Long positions may be considered on a daily close above this level, with a stop-loss at $59.41. Thechnically, the chart shows weak sign as the stock is below both 50 day and 200 day moving average. However KD shows possible rally as K line is on top over D line.

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. See you tomorrow !!!

AC

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08:10 | |

Monday, October 20, 2008 

Stock Picks and Trade Ideas for the week ahead - GOOG, FSLR, RIMM, LVLT

Confidence among American consumers fell more than expected in October, at a time when the fears of a sharp economic recession are affecting the families. The Reuters/University of Michigan Surveys of Consumers said its index of confidence plummeted to 57.5 in October from 70.3 in September. This figure compares with estimates of analysts, who pointed to the index fell to 65 points, with the average of last year which was 85.6 points. These macroeconomic data still showing signs of clear deterioration of the economical functionality. It's really complicated predict the future of the market right now; because we are trading like a perfect rollercoaster with frustration and fear the main drivers.

Trade Ideas below :

Chart courtesy of stockcharts ( click to enlarge )

GOOG - Google shares surged on Friday more than 5% or $19.52 to $372.54 ,after the search giant of the web, reported a profit that surpassed Wall Street quarterly forecasts. Excluding costs for employee stock compensation, Google said it would have made $4.92 per share. Revenue climbed 31 percent to $5.54 billion. After subtracting advertising commissions, Google's revenue totalled $4.04 billion. The web traffic and revenue growth were strong in all major parts of the world and searches were up for almost every industry using Google, Chief Executive Eric Schmidt said. This report will for sure mark a dramatic change in sentiment from earlier Thursday as a cascading wave of pessimism pounded Google's stock price to a three-year low of $309.44. Although, the stock continues trading near the lows of the year, I saw in the last trading day some optimism but also a lot of guys covering its short positions. The stock has been pummelled since the December high of $747.24 and reached a low of $309.44 this month. A rebound is currently on in this stock. The long-term trend is negative but the short-term is positive. The stock will face resistance at $383.03 in the short-term. If this level is surpassed, there can be a rise to $432.33 ( 50-day moving average ).

Chart courtesy of stockcharts ( click to enlarge )

LVLT - Daily chart above shows that it is still to early to say that the downtrend has ended. It is better to stay at the sideline. Only a close above $1.50 would trigger some positive sentiment.

Chart courtesy of stockcharts ( click to enlarge )

RIMM - The stock has lost over 50 per cent since the high of $148.13 hit in June. Price would face a strong resistance at $68. If this level is crossed, there can be a rally to $78. Technically, the daily chart shows the stock is now in a small rally as K line is on top of D line. However since stock is still very weak with stock trading below 50 day and 200 day moving average, pay attention as the stock is approaching 20 day moving average. Hold with a stop-loss at $52.50.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - First Solar shares surged to trendline resistance with good volume and a break above $150 would be quite bullish. Technically, the daily chart shows mix signal as MACD is below 0 but K line is back above D line.

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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02:56 | |

Wednesday, October 01, 2008 

Which bank in Europe or Asia will be the next to go bankruptcy ??

It's hard to say but the current reality still telling us to be cautions and away from this sector. The current financial problem may spread into the European and Asia financial system sooner than later. This is an issue extremely complex to understand, but very real to happen, especially when there are banks that have typically assets with long maturities and short-term liabilities and therefore, even healthy banks may face problems in current conditions. In addition, banks in Europe, after many years of a climate of investment too optimistic, took to their balance sheets, toxic assets and not only assets that originate in the U.S. The risk of a potential collapse of banks in Europe is real, and this scenario should not be put aside. There is a risk and that risk under current conditions, is high. Please be aware of this fact, don't look only for US as the problem of the globe, but more problems may appear in Europe and Asia sooner, it will be a matter of time. The global economy has worsen considerably, and with current rates in Europe the recession is spreading in almost all countries. If we look closely for the macro economical indicators of Spain, Italy, France and German, we'll see that most of them are showing clear signs of a strong retraction, what this mean ? Deep problems ahead. Even more when we have the ECB with just one orientation, working to stop the spike of inflation. I'm quite reluctant about Europe, in my opinion is stifling domestic consumption and will further degrading even more other companies that have Europe as the first destination of its products. As usual here are more trade Ideas for tomorrow.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - Since the stock is still on a clear down trend with MACD below 0 there is no reason for the long player to buy the stock. The stock has strong resistance around $200. If the stock crosses this level and sustains above it, then it might see some buying interest. So for now it is better to wait and see what happen for the next few days before making any decision.

Chart courtesy of stockcharts ( click to enlarge )

SOLF - The stock has a strong resistance at $12. If the stock crosses this level, then it might go to $12.84. Nearest support is at $9.60. If the stock declines below these levels, then it might witness weakness. The technical chart is showing possible buying opportunity as K line is about to cross on top over D line, wait for the line to be broken before buying the stock.

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. See you tomorrow !!!

AC

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21:03 | |

Wednesday, September 24, 2008 

Stock Picks and Trade Ideas for Wednesday - CSCO, JOSB, OTTR, FSLR

The US markets still showing clear signs of uncertainties and fears just a day after the oil shot to the 120 dollars per barrel, which caused a new wave of fears of economic recession in the U.S. Oil prices shot Monday in an unprecedented way in New York, rising more than $16 in a single day to $120.92, pressured by the decline in the dollar and technical factors. Prices today rectified yesterday's strong recovery but were also pressured by expectations that the U.S. economy will not escape an economic recession, which could lead to a reduction in demand. With fuel prices high, the markets fear that the plan presented on Thursday will not be sufficient to protect the economy from a recession. The uncertain remain well present in the market and all cautions must be taken in consideration.

Chart courtesy of stockcharts ( click to enlarge )

CSCO continues to consolidate within a triangle and the subquent break will determine the next move. The near-term trend does not appear bullish, therefore there is no reason to invest in this stock now. Fresh exposures may be considered once the stock stabilises and gets into an upward trending mode.

Chart courtesy of stockcharts ( click to enlarge )

The short term scenario is not encouraging for the investors. OTTR has broken uptrend support in the $41.50 to $40.60 range. In other words, the long-term trend has turned negative. This is the confirmation of the trend reversal. We might see some bounce up at this level. However don’t take risks on this as it could be deadly if the bear decided to take out the support line again.

Chart courtesy of stockcharts ( click to enlarge )

Very bullish action on JOSB this week. She's extended but no one seems to care. I'll be watching her carefully for any possible opportunities.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The near-term outlook is bearish and the stock could drop to the $192-200 range. Technicals are currently oversold but remain neutral to bearish signaling sideways to lower prices possible in the near term. Only a close above $246 will confirm the short term low for the stock. I'm looking for a good trade if the prices close above $246. On the downside the next target is $200.

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. See you tomorrow !!!

AC

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09:01 | |

Tuesday, August 12, 2008 

Stock Picks and Trade Ideas for Wednesday - TSRA, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR - With MACD below 0 the stock is still in bear market so wait until the stock reverse back to uptrend before you buy the stock. For now the stock is holding the 200 DMA and the horizontal trendline as well. Hold with a stop-loss at $243.03. If stock breaks this level then the stock can head to $234 and if this level is breached then the level of $225 is visible. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

TSRA - The stock broke resistance with good volume over the last few days. Tessera has now a strong resistance at $24.72. If the stock is unable to cross this level, then it might decline to $21.47. If this level is crossed and sustain above it, then it may go to $27.09 ( 200 DMA ). However, I would like to point out that TSRA is now in Overbought zone and hence the chances of a short-term pause or decline are on the higher side.

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. See you Tomorrow !!!

AC

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21:19 | |

Thursday, July 17, 2008 

Stock Picks and Trade Ideas for Thursday - BRCM, CSCO, RMBS, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR has had a hard time with resistance here, but may be ready to move higher. The level which the stock may have trouble moving above, is today at $292.88. It would need to break above that level to run to $317. The technical chart shows the stock is rising as K line is on top over D line showing buy signal. However unless the stock can break above $292.88, don't expect too much going from the stock.

Chart courtesy of stockcharts ( click to enlarge )

CSCO - On a technical basis the stock is still in a downtrend despite the pop in price on today's session. Resistance, the level at which a stock may have trouble moving above, is today at $21.33 (high so far today), then at $21.50 and then the upper limit of the current bearish channel which is today at $21.65. It would need to break above that level to change the bearish trend.

Chart courtesy of stockcharts ( click to enlarge )

BRCM has consolidated around 25-29.50 for the last two months and a break above 29.75 on heavy volume would be bullish. The technical chart above shows positive sign as stock has been trading above 50 and 200 day moving averages. In addition with MACD above 0 and KD going up the stock is probably ready for a new rally. Stay tuned.

Chart courtesy of stockcharts ( click to enlarge )

RMBS is starting to show signs of accumulation with upside days and low downside days. Looks like Rambus confirmed support here and may get a bounce.

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. See you Tomorrow !!!

AC

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09:12 | |

Tuesday, July 15, 2008 

Stock Picks and Trade Ideas for Wednesday - C , AMD, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR - First Solar is doing relatively well considering the market's condition. The stock has held its recent gains quite well and closed above its 50-day moving average for the third consecutive session. Even though the stock is up around 20% in a few weeks, the bears do not have a leg to stand on as long as $234 holds. On the other hand any close above the resistance level of $292.88 could trigger a buy signal and I suggest buying at that time. Looking at the daily chart above it shows positive sign as stock has been trading above 50 day moving average. In addition with KD going up the stock is probably ready for a rally. Stay tuned on FSLR.

Chart courtesy of stockcharts ( click to enlarge )

AMD - The stock is firming near the lower trendline of a falling price channel. After a sharp decline last Wednesday and Thursday, the stock firmed over the last three days. A move above $5 would recoup broken support. This would be short-term bullish. The stock needs to break $5.15 to revive the bulls.

Chart courtesy of stockcharts ( click to enlarge )

C - The stock has a negative technical profile. Citigroup continues to be weak and the intermediate trend is down. The stock broke support at $16.25 yesterday and still trading below its major moving averages. Technical action yesterday was sufficient to push the stock down to new lows on today's session. Looking at the daily chart, the MACD continues below its signal line, showing a clear evidence of a Bearish trend. In addition, RSI is less than 30 indicating that the stock is oversold. However an oversold stock doesn’t mean that the stock will rebound strongly.

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. See you Tomorrow !!!

AC

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21:02 | |

Friday, July 11, 2008 

Stock Picks and Trade Ideas for Friday - GOOG, LDK, FSLR, RMBS, AAPL

Chart courtesy of stockcharts ( click to enlarge )

AAPL is sitting under resistance at $180.91. The stock needs to break this resistance or will revisit the $165 area soon. Watch for high volume and relative strength/weakness before you jump on board.

Chart courtesy of stockcharts ( click to enlarge )

The activity in Rambus options has been heavy in recent days. It appears that investors are positioning for a move higher, possibly in anticipation of a favorable court ruling regarding an injunction against Hynix Semiconductor. There are a lot of people buying calls, betting that the injunction decision will be a positive for the stock. As I mentioned here several times, I still holding my long position waiting for the final veredict.

Chart courtesy of stockcharts ( click to enlarge )

FSLR surged to trendline resistance with good volume and a break above $282 on a close basis would be quite bullish. However at this time the stock is still trading below both 50 day and 200 day moving average showing weakness on the stock. In addition, falling MACD below 0, also indicates bearish trend. The only possible positive indicator that chart shows is KD which still rising.

Chart courtesy of stockcharts ( click to enlarge )

LDK was just one small step of closing back above the $35 prior support, now resistance level. Volume was above average yesterday. The buy point is when price clears the resistance line and volume expands to take the stock higher.

Chart courtesy of stockcharts ( click to enlarge )

GOOG rallied back to resistance on low volume, formed a bearish engulfing and broke trendline support. Looking at the daily chart above there is nothing positive, except KD which is now rising. All other indicators still point to a bear market and a possible move down.

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. See you Tomorrow !!!

AC

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09:04 | |

Tuesday, June 24, 2008 

Trade Ideas for today session - FSLR, RFMD, AMZN

Chart courtesy of stockcharts ( click to enlarge )

AMZN has been trading within a medium-term rising wedge formation. The prices keep forming it, and being bound by it. Soon they'll break one way or the other.

Chart courtesy of stockcharts ( click to enlarge )

A head and shoulders formation is easily visible on the RFMD chart, with the top of the head coming in at the recent high of $4.27 and the neckline at around $3.20. That neckline was broken yesterday, and wiht a possible negative tendency in the stock market today, this could be set for lower levels still. Sell around $3.2 with a stop at $3.37 and a target of $3.

Chart courtesy of stockcharts ( click to enlarge )

FSLR shares rose yesterday, boosted by an upgrade at Lehman Brothers. In a client note Monday, analyst Vishal Shah raised his price target to $335 from $280, implying an expected return of 25 percent over Friday's close of $268.22. Looking at the technical chart, If FSLR can break through $288.38, we should see a strong follow through move. Keep watching FSLR for a bigger move 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. See you later !!!

AC

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11:38 | |

Monday, June 16, 2008 

SOLAR stocks on fire !!! LDK, FSLR, CSIQ, ESLR

Shares of solar companies rose Monday as analysts become more optimistic about prospects for global growth in demand for solar energy products.Credit Suisse analyst Satya Kumar said that talks with industry officials last week at a major German solar technology conference convinced him to increase his estimate of total 2008 demand for solar energy products to about 4.6 gigawatts from 4.2 gigawatts. "We believe global demand is tracking much better than expected due to strength in Italy and other geographies," he wrote in a client note. It's time to focus our attention on this Sector again !!!


Chart courtesy of stockcharts ( click to enlarge )

I'm watching Evergreen again as the stock looks to be setting up for a big upside move. ESLR has a very interesting daily chart. The stock is now back to positive trend again as it is now back above 50 day moving average after staying below the moving average for five sessions. Now with KD rising the stock could be heading for a new bull market rally. The stock hit a high of $10 on Monday, which is resistance for Tuesday’s move. I'm buyer of ESLR for this move and expect to see a bigger mover soon. Evergreen will move very quickly, so watch the stock very closely over the next few trading sessions.

Chart courtesy of stockcharts ( click to enlarge )

CSIQ - The Bull Flag has been penetrated upwards on the daily chart. The stock closed a few cents off highs and I expect to see a follow through move tomorrow.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The stock has been under a buying pressure in the last few days, and overall the stock still looks healthy. The technicals look good, as seen in the chart above. The RSI indicator sloping up and crossing the 50 mark and MACD crossover indicates a change in trend from the downswing, which is bullish. I expect the shares to test prior highs in the $317 in the coming weeks.

Chart courtesy of stockcharts ( click to enlarge )

LDK - Closed at $40.97, up $2.17. Range was $38.03 to $41.71. The stock had a good day today, along with the other Solar stocks. The stock closed above its 200 DMA ($40). Looking at the technical chart, the RSI is now turning back up, and pulling away from the 50 mark. Unfortunately, despite the stock’s positive day, the MACD continued to decline, but I think with more two positive days the stock should cure that. For tomorrow, I would like to see the 200 DMA hold intra-day. Stay tuned on it.

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 day !!!

AC

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20:44 | |

Wednesday, June 11, 2008 

Stock Picks and Trade Ideas for Thursday - T , FSLR, MOS, POT

Chart courtesy of stockcharts ( click to enlarge )

POT - Early in the morning the stock broke resistance and made a new all time high, but had very little follow through. The stock ran up to $229.21 and pulled right back down to $223.10. Watch for a confirmation to enter long again.

Chart courtesy of stockcharts ( click to enlarge )

MOS closed at $149.63 above the previous top of $143.32 printed on April. Stock broke out to new highs confirmed by the volume above average. The daily chart of Mosaic suggests a strong confidence in stock, a clear uptrend momentum. Keep an eye on MOS this week, it's now in a Breakout mode.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The technical daily chart above shows the stock is in a rally as K line is rising on top of D line as the price is back above psychological resistance line at $250. However the stock is still somewhat weak as MACD and signal line are still below 0. Buy point is when the stock moves above $261 on good volume.

Chart courtesy of stockcharts ( click to enlarge )

T - Analyst Thomas O Seitz of Lehman Brothers maintains his "overweight" rating on AT&T Inc, while reducing his estimates for the company. The target price has been reduced from $54 to $49. Looking at the daily chart, the stock continues to look bearish as MACD and stochastic daily time frame is still go downwards direction.

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 day !!!

AC

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21:08 | |

Monday, June 09, 2008 

Stock Picks and Trade Ideas for Tuesday - RNR, FSLR, CMGI, CSIQ

Chart courtesy of stockcharts ( click to enlarge )

CSIQ's chart looks interesting. After the big move up in May, the stock filled the gap from the previous high on much lower volume. Now, stock needs to sustain above $35 to make a move to its recent high of $48.91. This is a risky play but I think this stock could go much higher very soon. Looking at the daily technical chart, the moving average indicates neutral as the stock is now trading in between 20 day and 50 day moving average. Although MACD shows weakness, KD starts to show some stabilization as K line crossed on top of D line, so there is a chance that a rally may come very soon.

Chart courtesy of stockcharts ( click to enlarge )

CMGI - For now the trend is clearly up, but you can see that the stock is now trading near the upper trendline of a rising price channel. This means it is overbought and ripe for either a consolidation or a correction. Broken resistance around $14.63 turns into support and this is the level to watch on any pullback. Let's keep an eye on it.

Chart courtesy of stockcharts ( click to enlarge )

FSLR has had a few steep down sessions lately but has had pretty good support near $236-$240. Watch to see how they react here. Although the stock is still weak as MACD is below 0 the stock does have the potential to be back around 50 day moving average or around $275 cents per share, because K line is now on top of D line. Stay tuned on this stock.

Chart courtesy of stockcharts ( click to enlarge )

RNR remains within a falling price channel with resistance at $52.53. A break above this level would be bullish for all concerned, while a move below $49.50 would be negative.

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 day !!!

AC

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21:34 | |

Thursday, May 29, 2008 

Stock Picks and Trade Ideas for Friday - JDSU, FSLR, MA, LDK, CLMT

Chart courtesy of stockcharts ( click to enlarge )

CLMT is starting to show signs of accumulation with high upside days and low downside days, watch $16 for a breakout. Inside trading is very active.

Chart courtesy of stockcharts ( click to enlarge )

LDK has soared in recent months. The stock is pulling back to the breakout area. Watch to see how it reacts to the ascending wedge. The %K line cross below the %D line, a bearish signal in short term.

Chart courtesy of stockcharts ( click to enlarge )

MA had a nice breakout today.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The stock broke support at $261.12 and broke below its 50-day moving average. Next support is at $236.57.

Chart courtesy of stockcharts ( click to enlarge )

JDSU has been consolidating and looks like it wants to test resistance at $12.10.


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 great day !!!

AC

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21:32 | |

Monday, May 19, 2008 

Stock Picks and Trade Ideas for Tuesday - PWAV, COMS, NVDA, BRO, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The stock will retract to the $287.65 level and try to establish support there. If support holds, then it'll advance again to a new high, but if support fails, then the next level of support is at $260. Any fall below $279 will ring my alarm bells and a break below $260 would signal a definite reversal.

Chart courtesy of stockcharts ( click to enlarge )

BRO pulled back to double support at the previous breakout area. They had a nice move last week confirming support. Let's keep an eye on her, because looks like it will make a run.

Chart courtesy of stockcharts ( click to enlarge )

NVDA - The stock might pull back to test the breakout. If that occurs, look for support right around $23. But if that support level fails to hold, then the next level of support is $22.

Chart courtesy of stockcharts ( click to enlarge )

COMS - The 20 day moving average is showing a positive gradient and is rising since middle of Apr. This is a bullish sign. In addition, the Bollinger is showing a slightly upward channel.

Chart courtesy of stockcharts ( click to enlarge )

PWAV - The stock is showing signs of exhaustion. Latest candle is not a good signal for Bulls ( Doji ). This speaks of a market in transition and a stock that isn’t quite sure of its direction. Further, a doji candle does warn that we could see a change in direction of the stock. In addition, the %K line has crossed below %D, giving a sell signal. The %K line has also turned down and that means PWAV is losing positive momentum or the up trend is coming to an end. Stay tuned 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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21:36 | |

Tuesday, May 13, 2008 

Stock Picks and Trade Ideas for Wednesday - JAVA, RFMD, MDRX,PNRA, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR - Today's action suggested that there is more room for the uptrend to grow on stock before a more significant pullback. A sustained break of $306.89 should bring the stock to a test of all-time highs in the $309 area.

Chart courtesy of stockcharts ( click to enlarge )

PNRA has been in a steady uptrend for the last six months and is now very near to break another resistance. Keep an eye on PNRA for a possible breakout over $53.40.

Chart courtesy of stockcharts ( click to enlarge )

MDRX - The stock is approaching the resistance at $12.60, which may give a negative reaction. However, the technical chart is still showing a positive momentum on stock with MACD above and with K line above D line. A break above $12.60 would mean the downtrend is over and the stock is ready to fill the GAP.