Stock Chart Analysis JST

Stock Chart Analysis JST

Jinpan International Limited (Public, AMEX:JST)

While JST has fallen under it's 50 day simple moving average, it is attempting to find support at the 200 day simple moving average. It succesfully cleared and then tested a down trendline that was marking a consolidation base. This is a tricky trade due to the low float, but it's possible that JST will form a new low in this area and then attempt to clear the pivot point at 23.22. This would provide a nice risk reward setup.


Good Trading,

Joey

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