ASN Chart, page-4009

Hi All


From the start of october to now, ( wave 2 down to minor sub wave 1 up ), ASN bagged up, but like everything in stock market land, what goes up, comes down so i reckon that weekly spin top doji candle ( yellow arrow ) is suggesting wave 2 down may be imminent.

RSI 14 at 72 is still pretty high, so a retrace back to the 38 fib or worst case 50 fib is where i see this going , assuming no announcements in the interim.


As you can see on the daily, ABC correction already playing out with a drop to 38 fib then the correction up on low volume, with yellow arrow pointing to the wick of the inverted hammer failing to pass the 15.5c resistance for a 3rd time, creating lower highs.

RSI 14 at nearly 74, is high.

Macro was positive for the DOW and Global X on Friday night, so it will be interesting to see how things play out starting Monday.

imo