Stock Watch – 4/8/09
The first batch this week performed relatively well. Lets see if we can do even better this time around. To learn more about reading charts and reading patterns, check out the new Chart Pattern Manifest.
LDK Solor Company – LDK
The chart shows a nice triangle formation with a break out. Like to see a price target of $8.50 and protective stop at $7.50 , although I would move that stop up as the stock rises.
Trina Solar Limited – TSL
If this stock breaks out, then we could see a nice 3 point swing higher. Entry at resistance (top blue line) that will also turn into the stop. Obviously stronger the volume the better.
China Information Security Tech – CPBY
This stock looks to have bounced off the 50 day moving average with higher volume than normal. We can lock in profits between $3.20 – $3.70. Obviously, that would require the stock to move wider than normal. It all depends on how the stock reacts after hitting $3.20.
That should be enough to get your mind rolling. Make sure to follow me on twitter and other traders on StockTwits for up to the minute trades during the day.
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