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Wednesday, September 8, 2010


JASO was probably the best of the high volume breakouts today, and has quite an interesting pattern  It established a pivot point around 5.25 back in June, and cam back to test it a couple of times before moving up just prio to the breakout. the price relaltive line broke out tp a new high in July, while price was well below the low. The spike up in price in late April masked the real resistance level about 30 cents or so below it. Today, however, it gapped right over it, and hit a new high right away. That gape between the pold high and the old resistance level should be pretty strong support now.

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