Market bounce UP strongly from support.......
In basing formation......markets will use any excuse to move UP..because it was @ support !!!
It IS extremely interesting that we did NOT go to test the previous LOWS.....as trumpeted by all technicians......some were even predicting breakdown of 20% from previous lows......I am sure all of these technicians earned a "hefty bonus for excellent TA"
So......where do we go from here ???
Higher HIGHS & higher LOWS will be the pattern going forward !!!!
In my portfolio :
AGU rating 50/30 target $74.59
CSIQ rating 60/95...rated for a "breakout" @ $19.49 for a target of $23.19
CMED rating 45/30 target $57.25
GS rating 100/75 target $189.14
LDK rating 55/90 target $37.94
SOLF rating 65/90 target $17.12
In other stock :
SNE rating 45/30 target $48.40
LDK reports AH on monday ..the following are 7 analyst consensus:
Sales Q4 $183.10 million
Sales Q1 $219.72 million
EPS Q4 41 cents
EPS Q1 40 cents
There IS a very good chance that LDK will BEAT Q4 both on Sales & EPS....and will Guide Q1 above consensus on EPS...Sales for Q1 MAY be affected by snowstorm...unless they can catch up.......
By 10 AM on Saturday...I will be posting list of technically WEAK/STRONG & momentum stocks...
Have a nice weekend.
BLOG does NOT give buy or sell.
Saleem
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