Harry Aloof
12-17-2007, 01:09 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
YINGLI GREEN ENERGY HLDGS (YGE-NYSE): Technical Viewpoint: From a low of $22.50 on Nov 21, 2007 prices rallied, reaching a high of $34.88 on Dec 10, 2007. A decline saw prices pull back, reaching a low of $29.35 on Dec 11, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $35.95. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 5, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $31.00. Resistance: Is at $37.35. Point & Figure: Reversed to the upside on Dec 12, 2007. A P&F downside reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! YINGLI GREEN ENERGY HLDGS (YGE-NYSE) @ $36.38 Stop: Use a protective stop of $34.38. YINGLI GREEN ENERGY HLDGS is currently trading @ $35.95 plus $3.79 on Dec 14, 2007.
Price Objective: $45.00
Risk/Reward: $2.00 VS. $8.62
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2219-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
YINGLI GREEN ENERGY HLDGS (YGE-NYSE): Technical Viewpoint: From a low of $22.50 on Nov 21, 2007 prices rallied, reaching a high of $34.88 on Dec 10, 2007. A decline saw prices pull back, reaching a low of $29.35 on Dec 11, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $35.95. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 5, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $31.00. Resistance: Is at $37.35. Point & Figure: Reversed to the upside on Dec 12, 2007. A P&F downside reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! YINGLI GREEN ENERGY HLDGS (YGE-NYSE) @ $36.38 Stop: Use a protective stop of $34.38. YINGLI GREEN ENERGY HLDGS is currently trading @ $35.95 plus $3.79 on Dec 14, 2007.
Price Objective: $45.00
Risk/Reward: $2.00 VS. $8.62
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2219-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)