The massive Head and Shoulders formation has pretty much arrived at it’s measured target
There is some very sexy RSI divergence going on also on the weekly (not shown) plus the 200MA looks to be stalling. These are all positive clues to suggest the bottom is possibly around here.
The negatives from a TA perspective would be that the share price is very close to unmarked territory below 84c, the all time low.
This major low I suspect will be tested despite the positives mentioned above, however it should provide substantial support imo, at least on a technical basis.
I’be been watching this from the sidelines for many, many months and I’m pretty keen to get a starter based on the TA alone.
Looking forward to reading the quarterly.
ASM Price at posting:
$1.00 Sentiment: None Disclosure: Not Held
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