Stock Trading Predictions & Technical Analysis: CSIQ

Friday, January 15, 2010

CSIQ - Major Uptrend Looks Over

CSIQ - WAIT

Yesterday CSIQ gave us a SELL SIGNAL with a sharp move down and has now broken its major up trending channel. Right now CSIQ looks to head down as low as around $24.50 at its 50 day MA before potentially bouncing back up. A fall below the 50 day MA would trigger a STRONG SELL SIGNAL with the potential to fall towards its 200 day MA around $16.00. Right now CSIQ is a WAIT for the next BUY SIGNAL.

2 comments:

mycJanuary 17, 2010 at 7:10 PM
hi
I have AIB and IRE....
I am still in positive but taking again 4-5% down an I will be in negative...

do you have any suggestion to wait and hold or sell them in the next coming days?

many thanks
L
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YoelJanuary 18, 2010 at 3:34 PM
Although I would usually set a -8.00% stop loss order until I achieve a return of +8.00% or more, I think in this situation I would sell these 2 stocks and take the small gains that I still have. I'm assuming you got in around the break out levels and that's why you are still up. Both stocks have broken back down their 50 day MA and look bearish, and therefore I would rather sell now, and wait for the next BUY SIGNAL.

Another thing you can try is setting a stop loss order that would make you exit with a 0.00% return. Under this scenario, you are giving yourself the chance of potentially making a bigger gain assuming the trend reverses back while not taking the risk of losing any money.

I think you should wait to see what happens at the open tomorrow. If the stocks are up, hold on, if they start falling again just sell before these small gains turn into losses.
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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.