Hopefully by the end of the month, JASO will go up more and make above average volume to confirm this breakout. With many solar companies breaking out recently, I can easily see Jaso going up from here.
VSLR has formed a pennant in the direction of the current trend. Most pennants usually go in the opposite direction of the current trend or go sideways. This makes the pennant even stronger. Decreasing volume is another textbook characteristic of these patterns and is critical for confirmation. A break of this pennant to the upside could offer a nice day trade.
This is a fundamentally sound company with a chart that reflects it. This stock also has a gap occurring above the 50ma and is reaching an area of support where the horizontal support line and 50ma should meet. Depending on where the stock goes from here, I'm looking for the price to reach 47.50-48.00 for an entry.
A breakout to new highs/ break of the highest closing price will offer a great entry. It will confirm a cup and handle breakout which can cause a significant move to my estimate of 40. And I'm the first person to post a chart on this stock:).
On a daily chart, the stock gapped up above the 50ma and is slowly reaching a log trendline that is in synchrony with the 50ma. This is a bullish pattern that has proven itself many times before and offers solid buypoints. Im waiting for the price to get closer to the 50ma and trendline for a possible entry.
Looking at similar past price action, the last two times there was tight price action like this(weekly closes), it took four weeks until a breakout. A failure of the weekly closing price staying above the low range of the past two weeks will ruin the trend, along with next week.
The guy in charge of credit and collections appears competent:Mr. David J. Dubois is Senior Vice President-Credit and Collections of Conn's inc., since August 2013. He has over 20 years of experience in credit underwriting, collections, strategy development, analytics and compliance. From 2007 through 2013, Mr. Dubois served as a Senior Vice President of...
After great earnings on 8/4/14, it was rather disappointing since it immediately filled the gap and went down four days in a row. Trading right above the 10 dollar mark and 50ma, it has not been a secure buy until today. I bought shares at the closing today as this congestion period may be over and the great earnings will finally influence the price.
This stock has done well since its partnership with Panasonic and I expect it to go further with this technical breakout on high volume that was setback due to the market downturn. With the decreasing volume and tightening price, this is a good sign of another breakout.