Freeport-McMoRan Copper & Gold Inc. (FCX) & First Solar, Inc.(FSLR) - Weekly Stocks Pick January 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 January 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 $40 followed by $45 and  support area is $35. FCX is a buy low $30 any market correction.This is my one of the Top Pick for 2012.

1/16-1/20 Weekly FCX resistance, pivot & support

Resistance R3 47.75, R2 45.22, R1 73.61
Pivot Point 41.08
Support  S1 39.47, S2 36.94, S3 35.33

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart


First Solar, Inc.(FSLR)- Share of First Solar, Inc.(FSLR) is trading near $35-$43 last  week.Share of First Solar, Inc. (FSLR)is one of the worst stock of year 201 but stock was biggest gainer in 2012.I am looking for long side mid $20 for long term buy any market correction. I am just 50% long near $30 level and sold over $42 last week for long term investment and I am looking long 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.

1/16-1/20 Weekly FSLR resistance, pivot & support

Resistance R3 52.27, R2 47.88, R1 43.90
Pivot Point 39.51
Support  S1 35.53, S2 31.14, S3 27.16

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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