» LDK Critical Area / Solars

Technical Analysis, Stock Market Indicators — iBankCoin

LDK Critical Area / Solars

by Danny on August 20th, 2008 at 11:19:13 pm

Check out this since-IPO critical level on LDK Solar Co., Ltd. [[LDK]] . If this breaks out on the back of a continued “rally” in crude, then I think it has potential to be a big mover. Above $48 is the key so watch this one tomorrow. Otherwise, it remains stuck in an eight month long channel.

And Canadian Solar Inc. [[CSIQ]] , though this pattern seems less good for some reason.

Finally, First Solar, Inc. [[FSLR]] the 800-lb gorilla, is still just fuddlin’ around in this triangle pattern. Which is a bullish continuation pattern, and that’s all well and good, but it would be cool if it broke out. $278 - 280 is the level to watch.

This entry was posted on Wednesday, August 20th, 2008 at 11:19:13 pm and is filed under --Stock Commentary--. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “LDK Critical Area / Solars”

Gio Says:

Thanks for these charts Danny… since I’m pretty lazy to post them. I’m really hoping FSLR will breakout to the UP.

I have FSLR over 275 = buy solars
CSIQ over 30 = buy
and LDK has been a buy since their earnings.
August 21st, 2008 at 2:52:11 am
Employee8 Says:

FSLR TA by OA at 5:20 on video:

http://www.youtube.com/watch?v=kqmawp1eL7c
August 21st, 2008 at 3:19:10 am
Danny Says:

thanks guys.
August 21st, 2008 at 3:16:59 pm
» LDK - HOLY SHIT Says:

[...] Solar Co., Ltd. (LDK: 50.06 +9.25%) broke out above this support line I mentioned the other day. I missed this one today, but the move looks fo’ reals. The announced better than [...]
August 25th, 2008 at 11:12:00 pm
Gio Says:

LDK is the “prodigal sun”.
August 25th, 2008 at 11:32:55 pm