Trade Ideas: FSLR, LDK, TSL

Trina Solar Limited (ADR) (NYSE:TSL) – I like that the stock finished strong on Monday and I expect to see a continuation move today. Resistance is $7.26, which reflects its 50-day MA. Once the stock breaks resistance, I expect to see the buyer push the stock higher. The technical indicators are reversing up and are advocating for a technical rebound.

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LDK Solar Co., Ltd (ADR) (NYSE:LDK) faces resistance at the 3.43-3.46 range. A close above 3.46 would impart positive momentum. The stock is likely to move to the 4.32-4.50 range on the break past the resistance zone. I will watch the stock closely the next few days, watching for this move to occur. LDK will move quickly and could be too volatile for some traders. The technical indicators are still in favor of the short-term uptrend continuation.

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Looking at the technical chart of First Solar, Inc. (NASDAQ:FSLR) , there are several indications I see which suggest a near-term bottom, including large positive divergences on MACD in daily. If the potential buy signal confirms itself we will be looking for a move to the resistance area at $50-51, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Keep FSLR on your screen for today’s trading session.

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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 324 Articles

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

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