Stock Market Idea for next week – Trina Solar (TSL)

sc Stock Market Idea for next week   Trina Solar (TSL)

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

TSLis still facing resistance around 28. The technical daily chart isshowing some bullish bias. On Balance Volume is increasing, indicatingaccumulation of shares in the market and KD line is indicating upwardswing. If the surge can continue as the KD indicates, MACD may bepushed to above 0, indicating a buy. One thing I would like to pointout was the unusual options activity in stock over the day. If you goout to the October 2009 options expiration contracts, you will see thatnearly 5657 contracts have been traded in the Oct 09 $30 CALLS. KeepTSL on your radar……
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…
Cheers!

AC