Solar Stocks To Watch On Thursday - Trina Solar, JA Solar Holdings

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Solar Stocks To Watch On Thursday - Trina Solar, JA Solar Holdings

By Antonio Costa on April 9, 2009 | More Posts By Antonio Costa | Author's Website

Chart courtesy of stockcharts ( click to enlarge )

JA Solar (JASO) - The stock failed to maintain bullish momentum yesterday. This upside failure should keep the major bearish scenario intact, but in this volatile market we might see another bullish attempt as the stock is approaching technical support in the $2.94-$3.05 price area. My model is mixed with downside bias. Immediate resistance is seen at 3.25. Initial support at 3.05 followed by 2.94.

Chart courtesy of stockcharts ( click to enlarge )

Trina Solar (TSL) - From the chart, the stock is consolidating inside an ascending triangle with $12.50 as resistance. If it breaks out of the ascending triangle, target price is at 16.18. The volume is increasing on the past trading days. If the volume continues to increase tomorrow or on the coming week, there maybe a chance that the target price may be reached. Buy only when the stock breaches $12.50.

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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