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Tuesday, August 14, 2007 

Trades Ideas - JASO and FLR

Chart courtesy of stockcharts

JASO shares were down today nearly 6% closing at $32.05. Today was another desapoint session for longs on Jaso stock. For now, the optimism quickly faded and the bull run disappeared. JASO is down about 25 percent from the 52 week high of $43.87. Keep an eye on stock for a possible break of the ascending wedge.

Chart courtesy of stockcharts

FLR - Looking at the daily chart, stock yesterday broke out of the daily base and came back to test the breakout area as support today, with sucess. So, it appears that it will move to new highs soon. Bullish MACD already crossed and RSI have space to go up too.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

That's All. Have a great evening !!!


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About Me

  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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