Wednesday, May 25, 2011

LDK 05-17-2011 - update 05-26

Someone suggested I look at LDK.  It appears LDK is at a 22TD bottom and normally that would suggest a potential buy.  One problem is there is a longer cycle (6 months) that is also near a bottom (about 1 week).   Now it may get a bounce off the 22TD bottom, but I suspect that the 6 month cycle needs to bottom first to get a serious upside run.

Here is the chart:

GL traders.  Do your own analysis.


Updated chart.  It appears LDK has/is bottoming.  The first upside target (about 3 weeks) is around $8.

GL - do your own analysis

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