Stock to watch next week - FSLR, INTC, BIDU, GOOG, CNXT

Chart courtesy of stockcharts GOOG has chance to start new rally as K line is about to cross on top over D line. However since the stock is still weak as MACD is below 0, if K line fails to break above D line, the downtrend may continue, but in my opinion is unlikely this happen due to the high oversold conditions. I estimate that the stock might go up at least $450 next week. Chart courtesy of stockcharts BIDU is below its 50 day moving average and is hugging the bottom part of this symmetrical triangle. If that breaks, it could become a nice swing-short. Let's keep an eye on her. Chart courtesy of stockcharts INTC has been in steady decline and is trading with low volatility near the 20 period MA line. I'm expecting a good breakout on either side, but honestly speaking I think it will move up due to the fact that K line is on top of D line and MACD is above sell signal. Chart courtesy of stockcharts FSLR - The stock broke support at $200 on Friday and broke below its 20 and 50 day moving averages. Next support is at $190.00. Intermediate trend remains up, however short term momentum indicators, like MACD, RSI and Stochastics are now in Bearish areas. Although the stock has been on the decline recently due to dropping KD, the stock overall is still in bull market, with 50 day moving average above 200 day moving average. Buy point is when it crosses again $200 mark on heavy volume and closes above this level. Chart courtesy of stockcharts The volume remains very low at this level and I believe in a possible double bottom scenario here, if the market conditions help. Stock should not go much lower. Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples. That's All. Have a nice weekend !!! AC
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