JASO IS A BUY, CNH ALSO

I made some moves today since I have been waiting for a breakout. I sold out my WHQ position to add to my money available to purchase JASO. JASO has put out a perfect cup with handle and should do better than WHQ. (After all, I did get a 7% return on WHQ in 2 weeks so why not take a profit and move to something else.) Click on the chart to see what I am talking about and notice that the buy point is $41.09 leaving a maximum buy point of $43.14. Have the expectation of JASO to bounce back and forth between $36.25 and $41.00 for a while since it needs to work past some previous resistance. A move past $44 should be big.






I want to point out that CNH is also in a buy territory, but I am not going to buy into it due to my rules of having only 5 stocks based upon my rules for the number of stocks to own. (Read the post from September 14th to see my rules.) Just click on the chart to see another cup with handle.

Good luck trading.
JD