ASK 2.70% $1.33 abacus storage king

ASK Charting Thread

  1. 4,646 Posts.
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    ASK appears to be in extremely troubled waters here eek.png We see a DEATH STAR type candle here.
    Friday last week saw a major exiting of the stock. Almost $96M was dumped! what.png
    I took the entire weekend researching this and have been quite appalled....
    Reason being I have seen 100 IPO's since 2017, and I don't recall ANY that had ZERO shares under escrow.
    The entire 1B+ shares, the majority is owned by institutions and banks.
    Seeing as though cheap shares were issued at around the 47c level according to the Prospectus, with an IPO pricing of $1.43 it's done nothing but continually sell down.

    I think someone has just lost the status of Substantial Holder and seized to be on the board. In due time I believe we will see an announcement highlighting this.

    Below are my thoughts attached on the chart being daily and hourly. GLTAHz. I suspect a new 52wk low coming, a test of $1...May continue to slide down to 47c as per IPO Papers. DYOR as I have and formulate a plan accordingly.

    SENTIMENT = SELLLLLLL
    POSITION = HELD


    https://hotcopper.com.au/data/attachments/5588/5588443-2bb2af39a867eb1122ade7bc281f6759.jpg

    Last edited by Cheeky-Charm: 18/09/23
 
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