One final under-$10 alternative energy player that looks ready to trigger a big breakout trade is China Ming Yang Wind Power ( MY), which is focused on designing, manufacturing, selling and servicing megawatt-class wind turbines in China. This stock is off to a hot start in 2013, with shares up b 44%. >>5 Rocket Stocks to Buy as Mr. Market Climbs If you take a look at the chart for the China Ming Yang Wind Power, you'll notice that this stock has been uptrending strong for the last two months, with shares moving higher from its low of $1.48 a share to its recent high of $1.92 a share. During that uptrend, shares of MY have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MY within range of triggering a major breakout trade above a key downtrend line that dates back to June. Traders should now look for long-biased trades in MY if it manages to break out above some near-term overhead resistance levels at $1.78 to $1.92 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average volume of 415,852 shares. If that breakout triggers soon, then MY will set up to re-test or possibly take out its 52-week high at $2.26 a share. Any high-volume move above $2.26 will then give this stock a chance to tag its next major overhead resistance levels at $2.80 to $3.14, or even $3.36 a share. Traders can look to buy MY off weakness to anticipate that breakout and simply use a stop that sits right below its 200-day at $1.53 a share or below more support at $1.48 a share. One can also buy MY off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point. To see more hot under-$10 equities, check out the Stocks Under $10 Setting Up to Explode portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis.