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Monday, November 19, 2007 

The bottom may be near........be patience...

Chart courtesy of stockcharts

It looks like First Solar will make new highs soon. Looking at the daily chart, stock is still in bull market as 50 day moving average is still above 200 day moving average so any pull back would mean buying opportunity. Keep an eye on FSLR.

Chart courtesy of stockcharts

Keep an eye on American Tower Corp. tomorrow for a possible breakout over $46.53.

Chart courtesy of stockcharts

RMBS may find support at $18. Looking at the daily chart, stock has been back to bull market since mid November as 50 day moving average has crossed on top over 200 day moving average. Although the stock would see profit taking for a while with RSI showing the stock has been overbought, once the profit taking is over the stock should continue to rise again. The stock has the opportunity to start new rally as K line is again 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 evening !!!


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About Me

  • 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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