Text me if you have any questions/comments for me.
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ASM
- Previous written analysis was done on 13 Sep -> suggested waiting for a successful rebound before plotting entry
- Since then, the stock has had a weak test of 10.00 levels and is already a Structure Break in my books
- Today’s price action with above average volume is interesting but still hasn’t broken through the counter-trendline (blue line)
- If the stock fails to break the counter-trendline, another Lower High (LH) would form -> not good
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of Higher Highs (HHs) and Higher Lows (HLs)
-----
ASM
- Previous written analysis was done on 13 Sep -> suggested waiting for a successful rebound before plotting entry
- Since then, the stock has had a weak test of 10.00 levels and is already a Structure Break in my books
- Today’s price action with above average volume is interesting but still hasn’t broken through the counter-trendline (blue line)
- If the stock fails to break the counter-trendline, another Lower High (LH) would form -> not good
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of Higher Highs (HHs) and Higher Lows (HLs)