Molycorp (MCP) & First Solar, Inc.(FSLR) - Weekly Stocks Pick February 13-17, 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 February 13-17, 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 am 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. 

2/13-2/17 Weekly MCP resistance, pivot & support

Resistance R3 31.87, R2 30.72, R1 28.70
Pivot Point 27.55
Support  S1 25.53, S2 24.38, S3 22.36

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart

First Solar, Inc.(FSLR)- Share of First Solar, Inc.(FSLR) is trading near $43-$50 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.

2/13-2/17 Weekly FSLR resistance, pivot & support

Resistance R3 54.71, R2 52.45, R1 48.18
Pivot Point 45.92
Support  S1 46.65, S2 39.39, S3 35.12

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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