Stocks to watch next week – Ascent Solar Technologies and Yingli Green Energy
AC Investor Blog
Chart courtesy of www.stockcharts.com ( click to enlarge )
ASTIhas resistance at $7.15, which was the high from Friday. The stock istrying to break through the major resistance at $6.98, and that mayoccur next week. If ASTI breaks through resistance, we should see astrong follow through move. Thechnically chart looks Bullish, with the50 dma going up and MACD on top of 0. There is good upside potential inASTI, so watch the stock closely on Monday.
Chart courtesy of www.stockcharts.com ( click to enlarge )
YGEbroke the resistance on Friday, but not the move I expected. The stockbroke early the $15, but pulled back down to close up 0.14 on the day.I’m watching the stock again on Monday, and I’m buyer once it breaksthrough Friday’s high of $15.48. We need to watch YGE for a few moredays because there is good upside if the buyers return or there is anypositive news on the company.
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. Have a nice weekend !!!
AC
