JASO was mentioned as one of my top short trade ideas in the solar sector last week. The stock is offering an objective short entry on this break below the uptrend line after being rejected off key multi-year horizontal resistance. Those targeting T2 (the current final target) might consider a stop slightly above the resistance zone while those preferring T1 (8.54) should consider a tighter stop, maybe just above the 10.15 area. Daily chart:
Note: I went ahead an sent out an email notification as I just realized that I had only mentioned JASO as one of my favorite shorts in the solar sector and had not posted a chart showing the actual setup. The chart/setup for SPWR, another solar short trade idea mentioned last week, will follow shortly.