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Canadian Solar Inc. Message Board

  • justasklee justasklee Aug 15, 2014 10:14 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted Charts of the Day video on CSIQ at TheTechTrader site noting: Canadian Solar Inc. (CSIQ) had an earnings blowout day on Wednesday, on 19 million shares, and a nice follow-through day on Thursday, 10.9 million shares, up 1.37, or 4.4%. It’s right in the resistant zone above the recent highs of 31.90, reaching as high as 32.86 on Thursday, and closing at 32.40. That’s a good sign. This stock, with that kind of momentum, may very well follow through and test the 36 1/2-3/4 range, which is the short-term target. Beyond that, that March highs up around 44 1/2 may be tested. If it gets a run-up, then a little bit of a pullback, it may get a swing trade up in that zone.

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