Jamba, Inc. (JMBA)

[SPM555]

JMBA – Long Term Symmetrical Triangle Pattern Testing it’s Trendline Resistance

-The price is butting right up against this long term resistance, and I can see it testing a breakout sooner or later. I’d like to see a tight consolidation range play out around here, either below, at, or above the trendline I drew. Definitely looks like something to keep an eye on.

-I can see it holding here and breaking out soon, but even a pullback here would keep the pattern intact, and it would give the support/dip buyers a chance to scoop up a position.

-I’d put the key resistance currently at 2.50, ideally a close above it with some decent volume.

http://onlycharts.com/