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Thursday, April 09, 2009 

Solar Stocks to watch on Thursday - Trina Solar, JA Solar Holdings

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

JASO - The stock failed to maintain bullish momentum yesterday. This upside failure should keep the major bearish scenario intact, but in this volatile market we might see another bullish attempt as the stock is approaching technical support in the $2.94-$3.05 price area. My model is mixed with downside bias. Immediate resistance is seen at 3.25. Initial support at 3.05 followed by 2.94.

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

TSL - From chart, the stock is consolidating inside an ascending triangle with $12.50 as resistance. If it breaks out of the ascending triangle, target price is at 16.18. The volume is increasing on the past trading days. If the volume continues to increase tomorrow or on the coming week, there maybe a chance that the target price may be reached. Buy only when the stock breaches $12.50.

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. See you tomorrow !!!


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About Me

  • I'm a 47 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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