Just when I thought it was o.k. to go out into the solar sector, I’m seeing weakness in many of the tickers out there. I put out an alert on YGE 10/09 on a Bullish flag; however TAN is in a downward channel, FSLR in a Bearish expanding megaphone [although some will argue it could still possibly turn into a H&S bottom], SOLR in a triangle [bias unknown] but ALL seem to be losing the Accumulation/Distribution battle here. It would seem the solar fad is fading, at least for now. One exception seems to be CSIQ but it’s forming a triangle so it may correct as well. [Maybe it outperformed b/c its a China mfgr].
LDK broke down on October 1st. Now it has scratched its way back up to test breakdown resistance. Note the small candles – not much demand. I like this area of retest and will be shorting it there for a low capital risk entry at the open tomorrow. Target $6.50ish with a stop above $8.67 [Full disclosure: existing long position in YGE]