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Monday, February 11, 2008 

Solar stocks on fire !!!

Chart courtesy of stockcharts

FSLR - The chart of First Solar is now much improved after today’s action. The MACD has reversed again the course and stock finally closed above its 20-day moving average again since the last time in December, usually this is a Bullish signal. I would look for a move up to $198 resistance soon. If it passes that, then we have room to run to next resistance at $219.85.

Chart courtesy of stockcharts

SPWR - 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-day moving average at $75.82.

Chart courtesy of stockcharts

CSIQ- The stock is approaching again the $21.23 level, which typically acts as resistance, so keep an eye on her for a possible breakout.

Chart courtesy of stockcharts

LDK needs to break its downtrend line at $36 on a close basis in order to move upwards. The technical chart of LDK shows a possible new rally as K line in near to cross over D line. However since the stock is in a steep downtrend, you should wait for the trend to be broken before buying the stock, this is the key technical rule.

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 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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