JKS -Failed breakdown pattern emerging.

BATS:JKS   JinkoSolar Holding Company Limited
12/22 Close below 33 which is the neckline of I H&S pattern, could have triggered short, but the gap up above along with the accumulation volume suggests strength at this level. Next up test of 200EMA. Gap up and back test is one way to confirm it or open at 37/38 should further confirm the reversal.

This name moves fast and I won't be surprised if positive china news push it to the top of the range around 45.

Disclosure: No position yet.


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