ASN Chart, page-1065

Well after my last call where it got to 6.1c and I told everyone " to get real ", its going to retrace cause every indicator is " MAXACTION "

I am a little bit scared to make a call, maybe I should " whisper " the call instead in a flash..........


RSI is 92, considering that technically 70 - 75 is over bought, this indicator has been extended to the MAX.

STOCH 100 , you cant get any higher than that !!!

MACD also is MAXED, maybe a pin in it ?

BOLLIE ........skid marks on the upper bollie to the MOON !!

So the only support I see on the DAILY chart is 6.1c ( red horizontal line )

You can see at the top ( blue horizontal line ) @ 10.5 is resistance.

Lets look at the WEEKLY chart


Now we can see that 10.5 resistance a bit more properly

RSI 84, I cant see any juice left can you ?

STOCH...100% ,confirmed OVER BOUGHT, you cant get higher !

MACD, does hope spring eternal , could that indicator nudge higher, maybe to the 38 fib / 50 ?.........YES !!

As everyone has been talking about their winning strategies, maybe I will tell you how I traded ASN over the last period of time.

Now I stated in earlier posts that I bought BIG in the 2s , $50k, made 2 bags @ 6c and left 30k left over, just in case another spike, sold half again @ 7.7c as I thought it was rolling over , so $15 k left , then in the middle of my tradie job, got my mobile out to check noticed it spiked again to 9c, quickly halved that again @ 8.8 , leaving me $7k to play tomorrow if there is any skid marks left !!

Now I might put in a sneaky condition order tomorrow @ 11 and see how it runs, maximum return for your $$$

The life of a trader........special shout out to @FlashPoint , he reckons I dont have a clue.......what do you guys think ?

So whats going to happen tomorrow ?


DUNNO !!