I recently posted the following comments & chart on JASO (JA Solar) in the trading room & also noticed another solar stock that I’ve highlighted on numerous occasions in recent months, ASTI, which appears to have also set up in a potential bullish chart formation.
posted today in trading room: I see a mixed bag in the solar sector now with some of the big players, like FSLR, looking ripe for a correction following the big rally in recent months. Some solars, such as JASO, have recently corrected with JASO having formed a falling wedge pattern after breaking out above the primary downtrend line a few months ago. An impulsive break above the pattern could launch the stock to any of these horizontal resistance levels above. Unofficial trade idea for now but figured that the setup was worth passing along for those interested.
JASO daily Aug 15th
ASTI appears to have formed a bullish pennant since hitting my 2nd profit target where I posted booking full profits on Aug 1st (excerpt & link below). Watching for an impulsive breakout above the pennant which could launch it to either of my next two price targets at 0.004 & 0.008. Also an unofficial trade idea & a very aggressive one as this is a low priced (sub 1¢) penny stock. Just passing along for those interested & will be glad to answer any questions or post updates on these stocks if requested.
ASTI daily Aug 16th