Molycorp (MCP) & First Solar, Inc.(FSLR) - Weekly Stocks Pick September 4-7, 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 September 4-7,  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 nice rebound form 52 weeks low.New support located at $9.40 and resistance area is $13-$14.Share of  Molcorp (MCP) trade under $30 November which is good for 1/2 long my position for 2012, I am long for 2nd  half go long for low $23s. I am long some $19.I am last long from mid $9 now my aver average now $12. I believe that stock could see $30-$40 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.

9/4-9/7 Weekly MCP resistance, pivot & support

Resistance R3 16.04, R2 14.29, R1 12.90
Pivot Point 11.15
Support  S1 9.76, S2 8.01, S3 6.62

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

First Solar, Inc.(FSLR)-Share of First Solar, Inc.(FSLR) is trading $26-20last week.Share of First Solar, Inc. (FSLR) is one of the worst stock of year 2011.I am long some under $14 last week and I sold all my long near $26 last week because I got nice $7 gain.I want buy back mid $10 again for longer term buy again. This stock could be $40-$50 stock  next 12 months. Stock was one of the hot stock was $2010-$2111. First Solar, Inc. (FSLR) is a strong buy low $10s per share for long term buy list  for 2012.This is my one of the Top Pick for 2012. 

9/4-9/7 Weekly FSLR resistance, pivot & support

Resistance R3 30.97, R2 28.64, R1 24.31
Pivot Point 21.98
Support  S1 17.65, S2 15.32, S3 10.99

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.

For the latest updates on the stock market, visit, 
http://daytradingstock-blog.blogspot.com