ASN 1.33% 7.4¢ anson resources limited

ASN Chart, page-9597

  1. 2,661 Posts.
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    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.


    https://hotcopper.com.au/data/attachments/5933/5933182-585658bf9ca470826518fde52511faaf.jpg
    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.


 
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