Freeport-McMoRan Copper & Gold Inc. (FCX) & First Solar, Inc.(FSLR) - Weekly Stocks Pick April 16-20, 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 April 16-20, 2012.You can also check previous stocks to buy reports - Right here & Previous Weekly Stocks Pick Gainers- Right here

Freeport-McMoRan Copper & Gold Inc. (FCX)- Share of Freeport-McMoRan Copper & Gold Inc. (FCX) is trading near $30 in late 2011. Stock was low $28.65 which is are good buying opptunity again if any correction.This is another stock could be double from here or stock could go $60-$70 stock next 12 months. Freeport-McMoRan Copper &  Gold Inc. (FCX) is found support in near $30s.FCX has resistance $49 followed by $56 and  support area is $40. FCX is a buy low $30 any market correction. Short term  resistance level is $48 and support level is $41.This is my one of the Top Pick for 2012.

4/16-4/20 Weekly FCX resistance, pivot & support

Resistance R3 40.35, R2 39.18, R1 38.07
Pivot Point 36.90
Support  S1 35.79, S2 34.62, S3 33.51

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart


First Solar, Inc.(FSLR)-Share of First Solar, Inc.(FSLR) is trading under $25 last week.Share of First Solar, Inc. (FSLR) is one of the worst stock of year 2011.I am long some under 21 last week and I am looking for long side under $20 may be next week 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 $20 per share for long term buy list  for 2012.This is my one of the Top Pick for 2012.  

4/16-4/20 Weekly FSLR resistance, pivot & support

Resistance R3 26.99, R2 25.43, R1 23.13
Pivot Point 21.57
Support  S1 19.27, S2 17.71, S15.41

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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