Stock Chart Analysis CSUN

Posted by downtowntrader | 11/06/2007 10:19:00 PM | 0 comments »

Stock Chart Analysis CSUN

China Sunergy Co., Ltd. (ADR) (Public, NASDAQ:CSUN)

Solar stocks have been on fire recently and chinese stocks caught a little buying this afternoon as well. CSUN happens to belong to both sectors and looks like it may be close to completing a consolidation after breaking out of a trading range. It looks like it may be in the process of setting higher highs and lows, which means 8.57 should hold as a low as it challenges for new highs. Of course a sustained move below 8.57 would negate the trade.

Good Trading,


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