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Wednesday, December 26, 2007 

Solar stocks are rocking this market

Chart courtesy of stockcharts

Before talk about the solar stocks, let me put you in contact with a familiar stock that annulled today the losses of last week and that closed the day well positioned to break one of biggest resistance, its name is RAMBUS of course. Looking at the daily chart, RAMBUS looks very good here, especially if market attempts a rally, a possible breakout over $21.59 is very likely. In addition chart is showing a very bullish sign with 50 day on top over 200 day moving average, MACD on top of 0 and with K line on top of D line. As you can see on the chart above, there are a several indicators showing the stock is on the course to go higher. Keep an eye on her.

Solar stocks are rocking this market. Here are also a couple of charts in the Solar sector that I like: FSLR , CSIQ , STP , ESLR

Chart courtesy of stockcharts

The stock on the spotlight today is Evergreen. Shares were up more than 13%, closing near the highs of the day at $18.84, the major resistance at $17.75. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average, so we should see the stock keep going strong for a while. Today, stock opened space for a new leg-up.

Chart courtesy of stockcharts

The Solar sector is on fire and STP is no exception. It has a strong chart.

Chart courtesy of stockcharts

Another good solar stock chart - Canada Solar "CSIQ".

Chart courtesy of stockcharts

First Solar stock has broken out to all time highs during today session closing at $280.91 with more than 2 million of shares changing hands. Investors have now $300 mark in mind.

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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