To be honest I'm not actually sure.
The downtrend does seem to be losing steam but could start moving slightly downward. I'm waiting for a pattern that indicates the initial stages of an uptrend.
These initiating patterns usually take at least a few weeks to form, so the next few months are iffy. However in some cases share prices just reverse and keep going.
This is how I see the downtrend currently.The share price has formed a 5 wave sequence, with the middle wave 3 having subwaves. This indicates that ASN is possibly in the last wave of the downtrend, whether it be over or not.
ASN Chart, page-9597
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Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $125.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $219.2K | 2.235M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 359456 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 163581 | 3 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ASN (ASX) Chart |