CSIQ – Canadian Solar: Stock Is Breaking Out On Decent Volume

by Olivier on November 19, 2009

Canadian Solar – CSIQ is a stock I added to my public list today. Along with TSL – Trina Solar, a Chinese solar stock, those two are probably the best looking in the industry. CSIQ – Canadian Solar just broke out of an ascending triangle. Volume is decent. Definitely one to keep on the radar. A while back I added NXT.V – Natcore Technologies another promising solar stock with high potential to my public list. The stock is not acting well though. It could provide a trade entry around the o.50 cent level as a snap back rally looks very likely. Then again, this is a very illiquid stock and pattern pressure is nowhere to be seen. As I’ve stated a few days ago, the pullback is somewhat too deep and an indication to be very cautious.

A good way to compare stocks within the same sector is to make use of my Sector Overview Charts. You can identify the leading stocks and the ones with the best charts and the best relative strength at a quick glance. Here is the Solar Stocks comparison chart. Below are the charts of the stocks mentioned above:

CSIQ - Canadian Solar

Up-to-date CSIQ – Canadian Solar Chart on my public list.

TSL - Trina Solar

Up-to-date TSL – Trina Solar Chart on my public list.

NXT.V - Natcore Technologies

Up-to-date NXT.V – Natcore Technologies Chart on my public list.

Have a great evening!

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