JA Solar Holdings Co

For today's chart we've chosen to take a look at JA Solar Holdings Co. (Nasdaq:JASO) because it is trading within a technical flag formation. As you can see from the chart below, the price is near the upper trendline, which is a level that many traders will keep a close eye on to see if the price will be able to break above. This formation is regarded as a bullish continuation pattern and will signal a move back toward the 52-week high of $43.87 once the price moves beyond the nearby resistance. Many bullish traders will likely set their stop-loss orders below the nearby support ($28.50) because it offers an interesting risk/reward ratio.