A few days ago , MAC3 posted some very good charts referring to the Technical Charting attributes of ASM , in relation to fast/slow stochastics ( not sure which one , or both ) . The term "not quite (yet) "was most appropiately used .!! Whilst I am in the camp that says"fundamentals drive charts " ...having seen that Rowena Smith video interview with Jack Lifton on Investorintel from overnight , seeing the appointment of the new COO yesterday ( on which I posted an " öbservation" ....then looking at the Stochastic Charts at end of day today ... I would have to say that MAC 3 seems to be right on the money ball , with the last observation ! Hopefully ..MAC3 will be back with more personal and astute comments ...but if the market generally doesn't get spooked by coming Jackson Hole comments ( guessing more of the same , ie we continue to be vigilant regarding inflation , and will act in an appropriate manner ....shothand for , we are reaching the end of our capacity to tighten , but we will hold at these levels for as long as we can !) , ASM has re-established some very nice upwards momentum here . Whilst all in my humble personal opinion ....Some astute Traders will see that ..they survive on TRADING opportunities like this ! Another good Announcement by ASM in the days ahead , could frank what the Charts might be flagging ???!!!
ASM Price at posting:
$1.54 Sentiment: Buy Disclosure: Held
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