Stocks in Play for September 30 (SOL, CSIQ, GNBT, JASO, LIWA)

Starting with ReneSola (SOL), on the daily chart the present uptrend is getting confirmed as the days go on. The major trend is still bullish as we can see on the chart below. The bias is Bullish in nearest term. Immediate support remains at $11 followed by $10.28. I’m using today’s high of $12.29 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $13.

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Canadian Solar Inc. (CSIQ) was one of the big winners on Wednesday. The technical indicators are looking better now for the stock. CSIQ has broken the horizontal resistance line with heavy volume and looks like it will continue to run up. Looking at the daily technical chart the stock has just entered into a short-term bull market as the stock is on top of 20 day and 50 day moving averages. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as %K line is on top of %D line. Technically speaking the stock is now painting a “Bullish” picture. The share price is likely to move to the target zone of the 17-17.69 range.

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JA Solar Holdings Co., Ltd. (JASO) broke out on Wednesday and made a new 52-week high of $9.26. I’m keeping JASO on the list for the continuation move. The stock had big buyers in it all day and looks ready to make another move on Thursday. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. Watch the stock closely tomorrow and once it breaks $9.26, get ready to jump in and buy the stock.

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Lihua International, Inc. (LIWA) – As long as the stock holds above the $8.35 support level the intermediate-term picture should remain positive. LIWA has made a transition from down trend to uptrend. The short-term trend is bullish and a move to the $9.11 appears likely.

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Generex Biotechnology Corporation (GNBT) had a nice surge a few days ago and has been in the process of consolidating. The stock is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $.53. If this level is crossed and the stock is able to sustain above this level, then it might go to $.62. On the downside, the stock has support at $.48. The stock is currently in a new uptrend. I feel this stock will easily make a strong move to the upside.

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Other Stocks to watch:

CRIS – Curis – Watching for a close above $1.43.
F – Ford – Watching for a close above $12.75.
LDK – LDK Solar – The stock broke a key resistance level on a volume expansion. Watching for a close above $10.84
ZION – Zions Bancorporation – Watching for a close above $21.08( 200-dma ).
AIB – Allied Irish Banks, plc. (ADR) – Watching for a close above $1.76.
CTIC – Cell Therapeutics, Inc. – Watching for a close below $.385
JASO – Jaso Solar appears to be holding the 200 dma nicely. A break above $3.99 would be bullish.
OSIR – Osiris Therapeutics, Inc. – The stock broke a key resistance level at $6.68 ( 200-dma ). Watching for a close above $7.
RMBS – Rambus can pop big time on any positive news.
BANR – Banner Corporation – Watching for a close above $2.34.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

About Antonio Costa 325 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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