While the market is opening flat, there are significant opportunities ahead for Australian Strategic Materials (ASM).
The recent escalation in the Middle East and Iran's alliance with China and Russia underline the urgent need for independent supply chains for critical materials.
This geopolitical climate is fast-tracking deals, positioning ASM to meet the increasing demand for rare earths and critical minerals.
With resistance at 0.575, breaking through this level will open the door to exciting upward momentum, potentially reaching 0.59 and beyond.
Support remains strong at 0.56, providing a solid foundation for growth.Importantly, ASM has a strong floor at $7.80, and with the global conflict intensifying, we’re looking toward the goal of returning to $14.
The time is ripe for companies like ASM, and we’re well-positioned to capitalize on these emerging opportunities.Let’s keep our eyes on the bright prospects ahead!Have a great day, and take care!
ASM Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
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