SOLAR : Heading where the sun doesn’t shine

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: