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Thursday, July 19, 2007 

First Solar and TASER

Chart courtesy of stockcharts

First Solar is printing an up trend in the daily time frame up from 20$ ( share price of IPO ) one year ago to the present 111$. I have to say WOW an impressive move!! Looking at the chart, 119$ is now an important resistance and 105 a key support. The stock has initiated a correction with a short-term objective to the downside at 105$. There is risk associated to this stock is in the short side, because the long term trend is very strong. Keep FSLR in your watchlist for both scenarios that I have mentioned.

Chart courtesy of stockcharts

TASR breakout today for a new leg up !!! Shares were up nearly 10% to 17.41$.
Technically speaking based on above chart, stock show a continuation of the trend of last two months with MACD and RSI in the Bullish areas and going up. The momentum this last two months has been phenomenal on TASER shares, stock came from 8 to above 17$ in just a few days.

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 for today, have a nice evening !!!


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Short TSL!

Huge PAL BREAKOUT Today. Up more than 7%.

But the SWC BREAKOUT will be GIGANTIC! How come? Because based on the best estimate, SWC's Q2 earnings will be 26 cents, beats the 3 cents street consensus by a huge margin!

Get on the Palladium Super Bull train, NOW. The fun is in SWC.

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  • I'm a 48 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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