Thumb rule is share price should consolidate at some point and then higher high is sustainable, if share price moves quickly then it will drop at the same pace, but with ASN this does not look like consolidation, looks like day traders are taking positions in the anticipation that there will be a news...
While we are there, I see these guys are still hopeful on the gap and below that their leader has also moved on
Ann: Placement, Bonus Option Issue and Exercise of Options, page-131
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