Wednesday, November 3, 2010

Trina - Weekly Cup and Handle

Trina is the third Solar stock I like for the long term. Trina is a well capitalized, highly efficient Chinese based, worldwide solar panel manufacturer.  They also are engaged in primary research, and are less likely to be commoditized, over time.

Looking at a weekly chart, a very defined cup and handle is forming.  Patience is in order for me though, as I watch the near term headwinds gripping this space over the next 6 months.  But will buy it on the breakout of the handle.

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