Short term pick : Buy Renesola Ltd., (SOL) @ $ 8.95, Target $ 9.99, Stoploss $ 8.40
SOL with market cap of 777.6M is trading at the support level of 61.8% ( $8.90) Fibonacci retracement level and corrected more than 60% in past few days .Below daily chart shows gap down opening on 01st March 2011.
52 week high - $15.34
52 week low - $ 4.72
ReneSola Ltd. (ReneSola) is a manufacturer of solar wafers and producer of solar power products based in China. The Company possess a global network of suppliers and customers that include some of the global manufacturers of solar cells and modules.
SOL with market cap of 777.6M is trading at the support level of 61.8% ( $8.90) Fibonacci retracement level and corrected more than 60% in past few days .Below daily chart shows gap down opening on 01st March 2011.
52 week high - $15.34
52 week low - $ 4.72
ReneSola Ltd. (ReneSola) is a manufacturer of solar wafers and producer of solar power products based in China. The Company possess a global network of suppliers and customers that include some of the global manufacturers of solar cells and modules.
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