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.
Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
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.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment