Weekly Trading Ideas

Saturday, April 11, 2009

FSLR (Long):
Daily: Solid base formed at $130. Friday's gap through resistance triggers long. No significant resistance until ~$165.
Hourly: Wedge broken to upside, moving averages turning up.
15-Min: Strong move off open, held gap up throughout day.
5-Min: Stock formed consolidation channel after opening move, pivot long through $143.

V - Long:
Daily: Strong igniting breakout bar through $58 level stalling at 200-day MA. Retested breakout, held.
Hourly: Breakout move through resistance, basing under $60. Solid, multi-day uptrend and 50-period MA acting as support.
15-Min: Tight base below $60 resistance.
5-Min: High volume snapback move on into Friday close back to top end of range. Fake out breakdown?


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