I posted a chart in Nov.29 when FSLR was at $27.21, just breaking from a ascending triangle.
The volumes were playing out well and now, the stock is trading at $33.03.
As the volumes are slightly declining, the investors should pay attention to resistance levels.
Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.
All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.
Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).
Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.
Romanian Market. This is a section dedicated to Romanian stocks and indices.
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Thursday, December 20, 2012
Netflix analysis
Netflix buyers, be careful! This chart shows a bearish engulfing pattern close to the resistance zone of $100. This could lead to a selling pressure in the next days or even weeks.
Wednesday, December 19, 2012
Utilities are proven to be one of the best choise for December...again!
Along Utilities, there is also the Consumer Discretionary and the Telecomunications sectors that are the most attractive for this December. Utilities have another +1.77% to go until the year end in order to reach the average of the last 3 years.
Tuesday, December 11, 2012
DJIA analysis
Very strong resistance for DJIA at 13.300. Technically, this should be a short opportunity BUT the main thing that moves the market theese days will be the FISCAL CLIFF.
Thursday, November 29, 2012
FIRST SOLAR analysis
Although the alternative energy sector is in an misleading period, this company must by closely watched.
Reason for a rise:
1. support at $20.00
2. the resistance at $22.60 was breached
3. high volumes in the last couple of days
Tuesday, November 27, 2012
RIM ( Blackberry ) analysis
RIMM close to the target! Watch out for a possible correction.
Check the 3rd post on this page to see the BUY call.
Check the 3rd post on this page to see the BUY call.
Monday, November 26, 2012
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