AHY 0.00% $1.42 asaleo care limited

AHY Price Action

  1. 601 Posts.
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    Below is a weekly chart of Asaleo Care Ltd (AHY).

    There was a recent buy signal when PA had a breakout above $1.85 resistance area with conviction.
    Price is trading above the 50w sma and has re-entered a bullish trend channel after what was perhaps, a false breakdown below up trend support a few weeks ago.
    MACD had a bullish upcross in February and has since had an expanding +ve histogram. Is currently at it's highest level (0.039) this side of the upcross, actually, for the last 18mths.
    Stochastics bullish higher lows have been formed >20 during and since the MACD upcross, however never reaching oversold conditions. Currently in the bullish continuation region.

    IMO bullish over the next 6 - 12mths.

    20160429_AHYW.jpg
    Last edited by Jagster Trading: 29/04/16
 
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Currently unlisted public company.

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