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Wednesday, March 12, 2008 

Trade Ideas for Thursday - FSLR, RFMD, SIRI, JCP,LDK

Chart courtesy of stockcharts

JCP - A close below support at $39.76 would reconfirm the downtrend and forecast substantial additional losses.

Chart courtesy of stockcharts

LDK - Sinking slowly. Daily chart above shows that it is still to early to say that the downtrend has ended.

Chart courtesy of stockcharts

SIRI had a strong day and broke the downtrend line of one month correction. The volume confirmed the breakout, as it was greater than average. Look for SIRI to test the prior highs of February.

Chart courtesy of stockcharts

RFMD looks like it may resume the downtrend here. The stock is still in weak market with 50 day moving average below 200 day moving average. But with rising KD and stablizing stock price we may see some positive movement coming soon. Let's keep an eye on her.

Chart courtesy of stockcharts

FSLR - The stock broke through its resistance at $200 with a respectable volume.Technically stock is now in a Bullish mode, stock price is above 50 and 200 day moving averages, also K line back again above D line, indicating a possible new rally. High relative volume during this movement is another bullish indication that the stock will continue higher. I'd buy it when it breaks the downtrend line on heavy volume.

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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