Friday, June 19, 2009

Solars Setting Up In Holy Grail Patterns

1 comment:

Blue said...

I've got YGE's daily 20ma at 13.46 which the price is below and butting up into, not above and holding as support. But your TSL and LDK charts match mine, just not YGE. Strange huh.

Remember, solars are dependent on OIL and if OIL goes UP solars go UP. If oil doesn't take out $75 and the dollar goes back up, this trade is doomed.

The only solar stock trading on its own merits is FSLR (which has historically been overvalued, but a benchmark stock). All the Chinese solars trade together based on the price of oil. This relationship hasn't changed for over a year.

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