-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stock Picks and Trade Ideas for Thursday - AKS, NO... » | Top picks - CIEN and ADBE » | Trade Ideas for Tuesday - Ciena and LDK Solar » | The Bulls are back !!! » | A Very Happy new year to all my readers !! » | Stock Picks and Trade Ideas for Wednesday - POT , ... » | Retrospective of 2008 » | Stock Picks and Trade Ideas for Tuesday - YHOO, CI... » | Opening the veil on 2009 » | Pure adrenaline!! » 

Thursday, January 08, 2009 

Top picks for Friday - TRN and CSIQ

Chart courtesy of www.stockcharts.com ( click to enlarge )

CSIQ is a stock that just 5 months ago made new all-time highs at $51.80 but failed to follow-through on the breakout and started to get some aggressive selling when the indexes received a sell signal. The stock has dropped almost $49 from the highs and in November of 2008 reached an amazing price of $3.11 per share. At this moment the stock is in a recovery mode trading at $6.91/share. Looking at the technical daily chart, the stock the near-term outlook is clearly bullish and a close above $7.20 would confirm this view. On the contrary, a close below 6.10 will have bearish implications and would push the stock to the Rs 5-5.17 range. Hold with a stop-loss at 6.10.

Chart courtesy of www.stockcharts.com ( click to enlarge )

TRN is retesting the breakout area. Technicals are bullish signaling sideways to higher prices in the near term. Only a close below 16 will reverse the current uptrend. From the technical chart, MACD and RSI show bullish sign. I'm looking for a good trade if the prices close above 18.

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 Folks.


Labels: ,

Bookmark and Share


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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google