Stocks in Play for Oct 1: FNSR, JASO, THQI, ROYL

Royale Energy, Inc. (ROYL) was very strong today, as the stock closed up $.07 on 6x the normal daily volume. This is a huge move for ROYL, and could be the start of a breakout move. Resistance is $2.44, which was the high of August. I’m watching the stock for the breakout move and expect it to happen soon. Once the stock breaks through, we should see a heavy increase in buying.

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THQ Inc. (THQI) continues to consolidate, which is a good sign for an upcoming upside move. I like this chart and will continue to follow the stock until it moves in either direction. Resistance stays at $4.22, which reflects Thursday’s high.

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JA Solar Holdings Co., Ltd. (JASO) remains one of the hottest stocks on the market. The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 50 day and 200 day moving average going up. JASO is now on the overbought level, so this means a possible correction is near. This may give me a chance to jump in on the stock when it moves lower. JASO is a stock to keep an eye on for awhile.

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Finisar Corporation (FNSR) broke out to record highs today. This breakout on normal volume did not convince me yet. At this point we may need to pull back and retest $17.67 to reset the overbought conditions and provide some room to develop a new trend up. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200 day moving average. Stay tuned on it.

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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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