Solar Reversal?

Yesterday we had the most Bullish day of the year, probably signaling the end of the short term trend.

Most solar stocks got a record gain for the day, so let's wait to see if the market maintains the momentum for the next couple of days.

Suntech Power Holdings Co., Ltd. chart:


First Solar, Inc. chart:


Just remember the medium to long term the trend is still Bearish.

Tomorrow I will check the performance of the solar sector and some individual solarstocks Vs the S&P500 benchmark.

Labels: Charts, First Solar Inc, FSLR, solarstocks, STP, Suntech Power

posted by Ertai at 4:15 PM