SOLAR : Heading where the sun doesn’t shine
July 28, 2011 Leave a comment
Not looking too healthy is SOLAR, a dip to 2.80-2.82 looks possible. The chart shows heavy price resistance from about 2.92 all the way to 3 or so, with a strong weekly close >3 needed to turn the chart around. Even then 3.10-3.12 is also a big barrier, so unless a day or two of solid buying ensues, this stock is probably better left alone for a while longer.