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Tuesday, December 13, 2011

Molycorp (MCP) & First Solar, Inc.(FSLR) - Weekly Stocks Pick December 12-16, 2011

During last week of trading, there were many stocks that continued to break out to the upside. Watch Resistance & support levels Below are a list of stocks that I am watching December 12-16, 2011.You can also check previous stocks to buy reports - Right here & Previous Weekly Stocks Pick Gainers- Right here

Molycorp Inc. (MCP)-  Molycorp (MCP) was down week last week.New support located at $26.68 and resistance area is $35.Stock nice. Share of  Molcorp (MCP) trade under $30  November which is good for 1/2 long my position for 2012, I am looking for 2nd  half go long for low $20s if any market correction. I believe that stock could see $50 stock next 12 months.This is my one of the Top Pick for 2012.

12/12-12/16 Weekly MCP resistance, pivot & support
Resistance R3 37.94, R2 35.86, R1 32.86
Pivot Point 32.54
Support  S1 27.14, S2 25.06, S3 21.74

Technical Analysis Stock Charts: Charts Below
60m chart
Daily chart



First Solar, Inc.(FSLR)- Share of First Solar, Inc.(FSLR) is trading near $40-$52 last few weeks.Share of First Solar, Inc. (FSLR)is one of the worst stock of year 2011.I am looking for long side mid $20 for long term buy any market correction. I am just 10% long near $40 level and looking any pullback. This stock could be $60-70 stock  next 12 months. Stock was one of the hot stock was $2010-$2111. First Solar, Inc. (FSLR) is a strong buy below $30 per share for long term buy list  for 2012.This is my one of the Top Pick for 2012.

12/12-12/16 Weekly FSLR resistance, pivot & support
Resistance R3 57.31, R2 54.60, R1 50.13
Pivot Point 47.42
Support  S1 42.95 S2 40.24, S3 35.77

Technical Analysis Stock Charts: Charts Below
60m chart
Daily chart



Weekly Stocks Pick Rule: When ever I buy or short stocks if that stocks go up short term quick 5-10% gain, I took profit and buy back in low price again. When ever I buy stock always have stop price. Always protect my original capital.

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