( click to enlarge ) In the watchlist posted on Thursday, I had posted the chart of JinkoSolar Holding Co., Ltd. (NYSE:JKS) and commented "The volume picked up today and it may be starting a rally. The daily chart shows a doji candle after a few down days, which is sometimes a reversal signal." Well, the following technical chart above shows exactly what happened yesterday. Looking forward, JKS appears a good buy in near term. The chart shows a stock that is starting to breakout and I would look to the $10 level as the next important point of resistance. The 200-day MA is currently $14.82 a share. A bullish volume pattern has been also formed in the last two sessions. In additon, the MACD is moving upwards in positive zone, revealing increasing bullish momentum and stochastics generated a buy signal. If you haven't added JKS to your watchlist, now is the time.
( click to enlarge ) Canadian Solar Inc. (NASDAQ:CSIQ) has broke to the upside from its recent brief consolidation and the technical chart is bullish. Stock on Thursday closed above its 100 days MA of 3.34 with high volume and yesterday's close confirmed the breakout. Technical indicators are supporting the bulls. ( click to enlarge ) Trina Solar Limited (NYSE:TSL) moved up well on Friday and volume increased. The stock looks good for more gains next week. From a technical standpoint there is a near term to midterm opportunity for shares of TSL to rebound to higher levels. The chart above shows the momentum indicators have turned up and the RSI is on the rise. ( click to enlarge ) Nice spike up on strong volume. Could play First Solar, Inc. (NASDAQ:FSLR) here for a move above $51. MACD is positive and above the signal line. RSI is moving up and above its 50% level. ( click to enlarge ) ReneSola Ltd. (NYSE:SOL) has consolidated very well and is looking ready to move higher from here. A long entry could be made as it breaks over 2.65. Technical chart looks Bullish, the MACD is positive and above the signal line. RSI is moving up and stochastic is also moving up and above its 50% level. During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
Other stocks to watch : Pacific Biosciences of California (NASDAQ:PACB) - The stock held up pretty well for a stock that had run up $1.42 in just two trading days. I think we might see another spike soon. InterDigital, Inc. (NASDAQ:IDCC) - Put on your watchlist. Insiders bought huge volume of shares on Thrusday.
Hemispherx BioPharma, Inc (NYSEAMEX:HEB) - The rally continued on Friday as buyers drove the price up 9 cents, or 29 percent, to close at $.41
Novatel Wireless, Inc. (NASDAQ:NVTL) has not confirmed a buy signal yet but looks like it coud be getting very close when it clears its 50-day MA. The technical indicator OBV still showing positive divergences and moving north even as the stock price falls meaning the selling strength is very weak. So a strong bounce is likely. Cell Therapeutics, Inc. (NASDAQ:CTIC) Flagging here. Could be setting up for a run to $1.50.
US Earnings Calendar for Monday, January 30
Actuate Corp - BIRT Advanced Energy Industries Inc - AEIS Agilysys Inc - AGYS Align Technology Inc - ALGN Alliance Bankshares Corp - ABVA Ampco-Pittsburgh Corp - AP Annaly Capital Management Inc - NLY Annapolis Bancorp Inc - ANNB Array Biopharma Inc - ARRY Athens Bancshares Corp - AFCB Aware Inc - AWRE Baidu Inc - BIDU Bank of the Carolinas Corp - BCAR BCSB Bancorp Inc - BCSB Biodel Inc - BIOD BNC Bancorp - BNCN Britton and Koontz Capital Corp - BKBK Bryn Mawr Bank Corp - BMTC Capital Bank Corp - CBKN Capitol Federal Financial - CFFN Cardiovascular Systems Inc - CSII Carolina Bank Holding Inc - CLBH Carolina Trust Bank - CART Carrollton Bancorp - CRRB CNB Financial Corp Inc - CCNE Consolidated Graphics Inc - CGX Constellation Energy Group Inc - CEG CSS Industries Inc - CSS Ellie Mae Inc - ELLI Emclaire Financial Corp - EMCF Enbridge Energy Management LLC - EEQ Enbridge Energy Partners LP - EEP Enterprise Financial Services Corp - EFSC ESB Financial Corp - ESBF Fabrinet - FN First Bancorp - FBNC First Bancshares Inc - FBMS First Financial Bankshares Inc - FFIN First Financial Hldg Inc - FFCH First Interstate Bancsystem Inc - FIBK First M & F Corp - FMFC First of Long Island Corp - FLIC Gannett Co Inc - GCI German American Bancorp Inc - GABC Graco Inc - GGG Green Bankshares Inc - GRNB Guaranty Bancorp - GBNK Haemonetics Corp - HAE Hampden Bancorp Inc - HBNK Haynes International Inc - HAYN Heartland Financial USA Inc - HTLF Highway Holdings Ltd - HIHO Hologic Inc - HOLX ICU Medical Inc - ICUI Ingles Markets Inc - IMKTA Integrated Device Technology Inc - IDTI Kearny Financial Corp - KRNY Kilroy Realty Corp - KRC Lake Shore Bancorp Inc - LSBK Landauer Inc - LDR Landmark Bancorp Inc - LARK LightPath Technologies Inc - LPTH Louisiana Bancorp Inc - LABC LRAD Corp - LRAD MaxLinear Inc - MXL McKesson Corp - MCK Microfinancial Inc - MFI Middleburg Financial Corp - MBRG Mindspeed Technologies Inc - MSPD Motorcar Parts of America Inc - MPAA Mueller Industries Inc - MLI Navarre Corp - NAVR New Frontier Media Inc - NOOF Newport Bancorp Inc - NFSB Northeast Bancorp - NBN Old National Bancorp - ONB Olin Corp - OLN Oneida Financial Corp - ONFC OptimumBank Holdings Inc - OPHC Oritani Financial Corp - ORIT PAREXEL International Corp - PRXL Parke Bancorp Inc - PKBK Parlux Fragrances Inc - PARL Peoples Bancorp Of North Carolina Inc - PEBK Peoples Financial Corp - PFBX Pharmacyclics Inc - PCYC Pixelworks Inc - PXLW Plum Creek Timber Co Inc - PCL Plumas Bancorp - PLBC Porter Bancorp Inc - PBIB Reinsurance Group of America Inc - RGA Rent-A-Center Inc - RCII Rudolph Technologies Inc - RTEC Savannah Bancorp Inc - SAVB Selectica Inc - SLTC Sify Technologies Ltd - SIFY SL Green Realty Corp - SLG Solutia Inc - SOA Southern Community Financial Corp - SCMF- Stancorp Financial Group Inc - SFG Summit Financial Group Inc - SMMF Sun Bancorp Inc - SNBC Sussex Bancorp - SBBX Synutra International Inc - SYUT Technical Communications Corp - TCCO Thomas and Betts Corp - TNB TRC Companies IncTRR Triumph Group Inc - TGI Vicon Industries Inc - VII Vulcan Materials Co - VMC Wendy's Company - WEN WisdomTree Investments Inc - WETF WSB Holdings Inc - WSB
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence. Thanks for visiting AC Investor Blog. AC