Must admit I’m not sure on that one… it’s funny- chartists can often see a negative or a positive in any chart. My biggest positive with ASN is the number of great fundamentals this stock shows atm. Biggest drivers being potential of huge improvements in DFS & Jorc, being in the right jurisdiction- especially within US critical material needs, having strong lithium, bromine, etc, resources. All pointers suggest that ASN is in for a huge rerate- and the potential is to be one of the biggest lithium/bromine suppliers in the US in a few years time. Company very positive, has been delivering on its promises and all Anns point to an easy doubling of your money- 30c SP in a very short space of time, with terrific chance to be a Disallowed in just a few short years. So, as far as charts go- it looks like we’re in for a great ride- and the fact that Instos are buying in, it’s an easy hold for me. The day you sell, will probably be the day the Co delivers a lithium or bromine offtake or finance, or strong DFS or great resource expansion. Interesting to see that retail the ones selling, as I see quite a few bags in a short time! But, not over the line yet- all imo!
ASN Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
