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Tuesday, May 19, 2009 

Solar stocks to watch tomorrow - JA Solar and LDK Solar

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

LDK breaks above the key resistance zone at 9.08 ( MA 13 ), signifying that a new short term uptrend is in place. Further rise is expected to 10.10 zone in next several days. Indicators are also showing signs of recovery. Near term support is now located at 8.2, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at 8.20.

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

JASO has a strong resistance at 3.21 ( MA 50 ) while short-term support exists at 2.80. My focus remains on the bullish reversal scenario showed by the last big white candle. This is usually considered bullish, as prices closed significantly higher than they opened. A break to the upside could trigger potential bullish momentum targeting 4.05 area. Stop-loss for long positions may be placed at 2.80.

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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