JA Solar Trading At Targets

When a trading duration period analysis was visited for JASO the end of January 2011, it was speculated that JASO may break lower to test its 200 day average. Just after that analysis, JA Solar traded to its 200 sma reaching 6.75 on 1/26/11.

JA Solar has since traded higher from this low, just upside of its corrective trend lines, to prior trading signal price targets. These targets were also suspected to cap prices given the duration range analysis.

This price target was 8.45 and JASO so far has traded to a top of 8.47 today 2/16/11.

Briefly revisiting the prior analysis, it was anticipated that JASO may not make a significant move higher beyond its prior highs before the end of February, early March of the current year based on prior trading ranges.

These time duration projections can be seen in this chart.

The current break of the prior downtrend lines shown in the chart below could be a significant indicator to a larger move higher or, as in past time frames, just gyrations in price motion within a slow corrective move.

The breakout may still be in question, as far as timing goes, if any weight to the duration period is given.

jaso_02_16_11_triangle.png

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