Trina Solar Limited (NYSE: TSL)

Trina Solar Limited operates as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the United States, and other Asia Pacific regions. The company designs, develops, manufactures, and sells photovoltaic (PV) modules comprising monocrystalline PV modules ranging in various power outputs; and multicrystalline PV modules ranging from 230 W to 310 W in power output for use in residential, commercial, industrial, and other solar power generation systems. It sells its products to power plant developers and operators, distributors, wholesalers, PV system integrators, and regional and national grid operators.
Take a look at the 1-year chart of Trina (NYSE: TSL) below with the added notations:

TSL has been in mostly a sideways to down move over the last year. What has become clear over that time is that the $11 price (blue) is very important to the stock. Not only was $11 a key support last summer, but it was also a strong resistance for the stock over the last 4 months. Last week TSL broke above that $11 resistance and may now pull back to it as support.

The Tale of the Tape: TSL has a key level at $11. A trader could enter a long position on a pullback down to $11 with a stop placed under the level. However, a short trade could be made instead if the stock breaks back below $11.
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