This is how I see the ASN chart waves. I believe we're about to or currently starting Wave
3 subwave 5.
The reason why I mentioned the new uptrend could be well past late 30s before is because of the formation of Wave
1. We can see that there was a low subwave 1 and a very tall subwave 3. I find that the Wave
1 and
2 combinations often forecast the way future waves appear.
If that's the case then the top of Wave
3 could be a 161.8% (or higher) extension of Waves
1 and
2. I was initially saying high 30s to be cautious and conservative. Also because the chart looked similar to SYA, but actually it has more potential.
If Wave
3 was at least a 161.8% extension of Wave
1 and
2, that brings the share price to 50.5c.
The thing is, the current uptrend has an interesting form which could be an uptrend with an extended subwave 5.
So Wave
3 subwave 5 would be an extension of subwaves 1 through to 4.
If it were a 100% extension the target price would be 59c.
If it were a 161.8% extension which looks more likely, the target would be 87.5c
But this will be clearer once we start moving further north.
(I would put this chart in but the target prices are out of chart area at the moment.)
Another thing to note is the way subwave 3 looks in Wave
1. Nice, tall and slim.Hopefully signifying the way the full Wave
3 will look.
Anyways I may be totally off so DYOR guys. When I initially bought ASN I thought it was only going to late 30s so I'd be happy with that even.
I was hesitant to bring up these extra target prices because I don't want to get peoples hopes up unnecessarily, but since we're talking about waves this is my perspective.
