Wednesday, April 13, 2011 0 comments

Recommendation - JA Solar Holdings (JASO)

Delivery Call: Buy JASO @ $6.55, Target $ 7.25 ( Short term investors can maintain the stoploss of $6.26)

The Group's principal activity is to develop, produce and market high-performance photovoltaic solar cells, which convert sunlight into electricity.The Group sells its products to customers' primarily in China and it has also sold its products to customers in Germany, Sweden, Spain, South Korea and the United States.

Below is the daily chart of JASO which shows:
  • RSI is in oversold zone.
  • MACD is below 0 level.
  • Stochastics is neither overbought nor oversold.

 
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