Suntech Power Holdings (STP) is forming an ascending wedge with higher lows. I would suggest a long entry point on the day it closes above $50 on strong volume. There must be a clean break through the 200-day MA.

Hoku Materials, Inc., a wholly-owned subsidiary of Hoku Scientific, Inc. (HOKU), a diversified alternative energy technology company in China, announced this afternoon the signing of a $284 million polysilicon supply agreement with a subsidiary of Tianwei New Energy Holdings Co., Ltd. that manufactures photovoltaic cells and silicon wafers.