CSUNbounced with the market on Thursday, but did not hit resistance at$4.20. I still like this stock and will watch it again on Friday.Resistance stays at $4.20, which was last week high. Technically, ChinaSunergy looks very good here, especially if market attempts a rallyagain. Although the moving average still shows weakness as 50 daymoving average is below 200 day moving average, positive momentum seemsto be back. You need to watch CSUN closely as it will move quickly onceit breaks through resistance.
CSIQ is breaking out. The stock broke through the highs set last week, and should continue to move. All the trends in stock indicators are positive or neutral. Technically, I continue to believe the stock will test the the prior highs of October 2008 at $16.15. CSIQ is a fast moving stock, so you need to watch it closely on Friday.
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.
That’s all folks. See you tomorrow !!!
Hot Stock for Wednesday: Suntech Power Holdings Co.
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