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Thursday, May 08, 2008 

Stock Picks and Trade Ideas for Friday - YHOO, CSIQ, FSLR, TTEK

Chart courtesy of stockcharts ( click to enlarge )

TTEK good earnings and a nice looking chart. TTEK is setting up for the next leg up. Doji candle on yesterday session near expected support, helps today rally on stock price. Today the stock broke a bullish pennant formation, therefore it may retest or overtake highs very soon. The pennant formation is characterized by a large volume spike in price over a few days followed by consolidation where price converges and volume diminishes often resulting in a breakout in the direction of the previous trend. The chart provide you a much better explanation. TTEK will be on fire again....... backup the truck.......

Chart courtesy of stockcharts ( click to enlarge )

First Solar is at a point where the stock is going to make a move. Whether this is an upside or down move, that has yet to be seen. FSLR has consolidated the past five days after gapping down on Thursday. If the stock can break through Wednesday’s high of $285, the stock should make a strong upside move. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

Shares of CSIQ continue to surge. The stock is strong and getting stronger every week it seems. If it can close above $32.85, then expect more upside. If this happens, Canadian Solar is a good play.

Chart courtesy of stockcharts ( click to enlarge )

YHOO - I don't like to speculate but it is clear that something will happen soon on Yahoo. After Monday sell-off, the stock has rebounded extremely well accompanied with huge volume, which make me think that there is something going on, this is not normal. I'm still playing on the long side, holding my long position and waiting for the possible deals that Yang has promised to shareholders.

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 day !!!


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be aware that the chart of yahoo is forming a bear flag... with volume declining compare to the day of the crash.

thanks very much for your blog. its realy good!


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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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