Stocks Picks For Tuesday: Medis Technologies And ReneSola

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Stocks Picks For Tuesday: Medis Technologies And ReneSola

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

Chart courtesy of www.stockcharts.com ( click to enlarge )

ReneSola (SOL) - After a long up leg that brought prices from the March low of $2 to Monday highs of $6.92, the stock has gained more than 200 percent. Can we open long positions now? Aggressive traders may open long positions and I really like the chart but at this level I would wait for a pull back before putting any cash to work.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Medis Technologies (MDTL) was the stock of the day, it was up 218%, and traded more than 30 times the normal volume. Honestly, I never seen anything like this before. This is not normal. Technically the daily chart above shows new rally has just begun as K line has just crossed on top over D line. It looks like it is starting to turn back up and indicators are giving the first bullish signs. Stay tuned on MDTL, because I believe that something is going to happen soon.

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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