This solar company has made a nice move from the March lows. It came up on my stock scanner today at 14:00, right before it made its daily low of 3.73.
A little research of the company shows that it has made a move from a low of 2.11 to a high of 6.29 and an exact 62% retracement to 3.44 in early July. The stock has not been able to take out its prior daily high only reaching 5.55 and is now close to testing that 3.44 level. On August 19 and 20 the stock made a double bottom at 3.73.
Watch for this double bottom to hold or the test of the 3.44 level. There is divergence in the 30, 15 and 5 min MACD charts. A test of the end of a Wave 2 could be forming.
The trade analysis for JASO is being tracked in its trading alerts page.