Four Trade Ideas for Tuesday
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( click to enlarge )Dendreon Corporation (NASDAQ:DNDN) has been slowly creeping higher and I think it could be trading over $12 in the short term. Short term Traders can buy above $11 with stoploss of $10.74 and targets of 12.49-13. On the daily chart, the technical indicators show a continuation of the trend with MACD and RSI in the Bullish areas.
( click to enlarge )Trina Solar Limited (NYSE:TSL) still needs to Take out the 50-Day MA at $7.38. Although the stock did not perform well this year we finally start to see some signals of rebound as the technical chart shows positive momentum is back. I'd look to the $7.4 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $8.35. Let’s keep an eye on TSL.
( click to enlarge )Royale Energy, Inc. (NASDAQ:ROYL) - Investors continued buying up this stock, as it surged again today this time to the tune of 9%. The stock warrants some attention this week. Bullish MACD cross on daily. Next resistance lies at 5.17 then 5.32
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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.
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