For today's chart we've chosen to take a look at
Jaso Solar Holdings Co. (Nasdaq:
JASO) because the bulls pushed the price beyond the upper barrier of a
flag formation. On
Monday, we mentioned that a break above the upper barrier would signal a potential move back toward the 52-week high of $43.87. It will be interesting to see if today's 6.39% gain will signal the continuation of the established uptrend.
Many technical traders will keep a close eye on the $28.50 level because this is the next major level of support. Any move below this influential level would cause traders to reverse their opinion and would be used to signal a shift in momentum.
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