Long Position on JASO @ $8.05 on 11/14/2017 (Momentum)

JA Solar Holdings Co., Ltd. (JASO) designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies.

The company's principal products include monocrystalline and multicrystalline solar cells and modules.

It also provides monocrystalline and multicrystalline silicon wafers; solar product processing services; and solar power plant project development and electricity generation services.

The company sells its products primarily under the JA Solar brand name, as well as produces original equipment for manufacturers or customers under their brand names. JA Solar Holdings Co., Ltd. sells its solar cell and module products to module manufacturers, system integrators, project developers, and distributors worldwide. 

The company is scheduled to report its results on Wedneday. Ahead of that, shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $4.42 - $8.48

Entry Point: $8.05

Stop Loss: $7.64

Target Price: $8.86

Updates

11/15/2017 9:30:59 AM

JASO closed at $7.45 after it missed its quarterly results

Position closed on 11/15/2017 at price of $7.45 with a -7.45% loss in 1 days.

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