ASYS, CAGC, JKS, RINO Among our Charts to Watch

Charts of the Day for Tue Aug 17th 2010
by Harry Boxer, www.TheTechTrader.com

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Amtech Systems Inc. (ASYS) after stair-stepping higher since early July broke out earlier in the month, pulled back in a little flag, broke out again yesterday and followed through today. It made a new multi-month rally high, breaking out across key resistance going back 2 1/2 years. The next target is at the late '07 highs around 17.50-.75.

China Agritech Inc. (CAGC) had a big day today. It's been featured quite a few times in the last couple of weeks, but you'll see why. It broke out earlier in the month, backed off, held support, popped to resistance and backed off, and today popped once more, up 1.62 or 10.6% on a volume surge. I believe this stock is breaking out of a major base and could be up towards the 23 1/2-24 target on an intermediate basis. Short-term target is at about 19 1/2-20.

JinkoSolar Holding Co., Ltd. (JKS) has been in a very strong move since just after its listing. The strong trend started in early July around the 12 range. It's moved steadily, up another 2.23 today, breaking it out of a 5-day flag. It has momentum and looks like it could reach the 25 level, my short-term trading target. Intermediate target at 29-30.

RINO International Corporation (RINO) may be coming out of an important base pattern. Notice today's surge on 1.8 million shares, up 79 cents, or 5.3%. It may be coming out across key resistance line. If it does, I expect a quick move across 17, but my trading target is at 19, and intermediate target at 24.

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