Molycorp (MCP) & First Solar, Inc.(FSLR) - Weekly Stocks Pick March 26-30, 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 26-30, 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 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.

3/26-3/30 Weekly MCP resistance, pivot & support

Resistance R3 32.90, R2 31.91, R1 30.91
Pivot Point 29.92
Support  S1 26.92, S2 27.93, S3 26.93

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart

First Solar, Inc.(FSLR)- Share of First Solar, Inc.(FSLR) is trading under $30 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.

3/26-3/30 Weekly FSLR resistance, pivot & support

Resistance R3 32.48, R2 31.05, R1 28.58
Pivot Point 27.15
Support  S1 24.68, S2 23.25, S3 20.78

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/