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Solar stocks to watch - ReneSola


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#1 Costa

Costa

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Posted 27 May 2009 - 04:24 PM

I bought ReneSolar this week in the range of 3.72 -4.15, and I expect the stock will continue to move up strongly. From a technical perspective, the stock finally broke out above $4 a share today with a strong volume expansion. It has a short-term target of 4.30 and it could move a lot further given a very strong short-term bullish trend. The technical chart shows the stock is now back to uptrend and with K line above D line and RSI above 50 we may see more upside. The +DI is also above the –DI another bullish sign. In addition, MACD has generated a buy signal and is currently above the 0 line. I think the stock will be heading higher. Technically Bullish. sc.jpg
Costa
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