JAS : When support at 2 fails expect things to get ugly.
September 19, 2011 Leave a comment
Sometimes simple charts are best, and for JAS the monthly candles tell all. If and when 2 fails to hold, which we think will be soon, the stock can easily tumble to the 1.5-1.6 range, and may even need to come down to 1.30 or so before finding a strong base. As such, if we were holding JAS we would sell before it’s too late.