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Stock Picks And Trade Ideas For Wednesday - TSRA, FSLR
By Antonio Costa on August 13, 2008 | More Posts By Antonio Costa | Author's Website
Chart courtesy of stockcharts ( click to enlarge )
(NASDAQ:FSLR) - With MACD below 0 the stock is still in bear market so wait until the stock reverse back to uptrend before you buy the stock. For now the stock is holding the 200 DMA and the horizontal trendline as well. Hold with a stop-loss at $243.03. If stock breaks this level then the stock can head to $234 and if this level is breached then the level of $225 is visible. Stay tuned on it.
Chart courtesy of stockcharts ( click to enlarge )
(NASDAQ:TSRA) - The stock broke resistance with good volume over the last few days. Tessera has now a strong resistance at $24.72. If the stock is unable to cross this level, then it might decline to $21.47. If this level is crossed and sustain above it, then it may go to $27.09 ( 200 DMA ). However, I would like to point out that TSRA is now in Overbought zone and hence the chances of a short-term pause or decline are on the higher side.
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.
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