Great forum you guys have going on. Mtc, I added you today, I caught you in the FAZ forum. Anyways, sorry to "spam" the forum with this inquiry but I was wondering if you could look at this chart, CSIQ, a solar energy stock that smoked all the other solars today, and tell me your thoughts? I'm new to iHub and TA (a couple months), and have been investing since September. I bought FAZ at $4.80 and had the chance to dump it for almost $5 yesterday but let that slip away. Not sure what to do with it at this point. My other recent plays this week are HEB at 2.44 and ACLS at .46.
What happened is I bought long CSIQ at $6 in March and sold it too early. I've been watching it climb and decided enough was enough and initiated a short position at $13.05. It came down to $12.00 yesterday but at that point the chart looked terrible to me so I held. Then today happened: +24.5%! I bought more short to get an average of $13.75 so I need CSIQ to drop 12% for me to break even. It closed at the high of the day of $15.65. You think I'm okay here or does the chart look really bullish? CSIQ has been trading above the bollinger band for almost 2 weeks, is that a really good thing or does that usually mean it will come back down to reality?
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