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Trina Solar Limited (ADR) (NYSE:TSL) – I like that the stock finished strong on Monday and I expect to see a continuation move tomorrow. 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 Tuesday’s trading session.
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Original Article on AC Investor Blog
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