ASN Chart, page-4309

Hi All

THE WEEK THAT WAS........


Global X had a reasonable week, coming off 86 support, not sure if wave 4 down is finished, but the long term trend is very bullish...........the leading ETF for lithium participants.


DOW is rocking it, long engulfing green candle coming off 34277 support after 4 successive bear weeks, .....sub wave 5 up is now on....IMO

So the MACRO side of things regarding to ASN short term SP prospects next week is positive.


So like alot of lithium companies, ASN got sold off early in the week to take SP down to 10c ( yellow arrow pointing to wick of candle), but recovered nicely to finish the week just shy of the resistance wall at 11.5c.

ASN has now completed the 3 black crow pattern ( 3 red weekly candles in a row ) and weathered alot of macro fall out in the process, probability is that ASN is due for a green week in absence of FA news, would really like to see that red wall broken plus the 38 fib, now everything is settling down a bit, that would really open up the chart , but it could be just wishful thinking on my part too...

One thing i do know is, down side is minimal....upside is huge....

imo

Good luck all