Time for Pulling back, consolidating, and building a new base.
Anyone who's traded for a while knows that stocks don't move in straight lines, they retrace, breakouts test new support, breakdowns test new resistance, etc. The key is to watch for the trends, higher/lower highs/lows and get a feel for what the dominant trend is.
On JSDA we're seeing a low volume pullback to test the previous key levels of support/resistance and in the process weak hands are getting shook out and longs are accumulating at the discounted prices. After some churning and accumulation this will build a new base at these levels (.45 - .56) and then in the coming days/weeks we'll see the next leg to this breakout. Good luck to all the longs.
Not a good argument, it's not one or the other. The fundamentals dictate the supply and demand, which in turn dictates the price action, which is then represented on the charts (ie TA reflects what the fundamentals are). It's why the stock has been trading so strong for the past couple months. It's not running because of the charts, it's running because the company is in the process of turning things around, and the charts are merely reflecting that.
The market has clearly been showing it's sign of approval for the CEO and her plan and it's being reflected in the price action, which is why it's my humble opinion that this healthy low volume pullback is a buy.