Molycorp (MCP) & First Solar, Inc.(FSLR) - Weekly Stocks Pick March 5-9, 2012

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 March 5-9, 2012.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 $23 and resistance area is $32.94. Share of  Molcorp (MCP) trade under $30 November which is good for 1/2 long my position for 2012, I will long for 2nd  half go long for low $23s. I believe that stock could see $50 stock next 12 months. But I am still trading for short term weekly trade because I want to make some weekly gain in my account.This is my one of the Top Pick for 2012. 

3/5-3/9 Weekly MCP resistance, pivot & support

Resistance R3 28.21, R2 27.35, R1 25.95
Pivot Point 25.09
Support  S1 23.69, S2 22.83, S3 21.43

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart

First Solar, Inc.(FSLR)- Share of First Solar, Inc.(FSLR) is trading near $30-$40 last week.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.

3/5-3/9 Weekly FSLR resistance, pivot & support

Resistance R3 42.11, R2 39.64, R1 34.83
Pivot Point 32.36
Support  S1 27.55, S2 25.08, S3 20.27

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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