After having what amounted to quite a crappy 2010, solars have come out of the gates strong in 2011 – both in price and volume. It’s easy to get burned in this sector, but the volatility can also lend to some impressive short-term gains.
Here are a few I’m watching:
SPWRA – ugly daily chart, but I’m watching after today’s move through SMA200 and positive MACD cross. Target 15.
WEST – Penny stock worth watching on bull flag setup. I move through .55 (SMA100) could bring in the buyers.
JKS – Breaking out of falling wedge with lots of room above. MACD / price divergence. Decreasing volume.. all good for a breakout setup.. bring the volume and price over 22.
YGE – setting up for ADX cross. Some resistance at 10.50 to work through, but some open air above.
TSL – Symmetrical triangle sitting under SMA200 with improving MACD. ADX isn’t so great, so we’ll need to see a move out of this triangle to get me interested.
