Gotta admit chart isn’t looking particularly pretty. Price...

Gotta admit chart isn’t looking particularly pretty. Price failed to hold above 20 SMA as well as the longer term 23.6% Fib (taken from early November last year) and has fallen below all the relevant moving averages specifically the 9,13 EMA and 9 VWMA. Most indicators showing negative. The MACD showing a bearish cross and RSI tracking below 50. This price fall has been occurring on low volume.

ASN 'longer' term Fib perspective

The Slow Stochastic is showing signs of a possible momentum change in the oversold area. Another potential positive is that if a short-term FIB perspective adopted. From mid February this year. The price is currently tracking the 61.8% Fib.

ASN 'longer' term Fib perspective

If the short term support breaks I can see this retesting support at around .First stop 085. If that fails looking at .077.

Pressure will be applied by the weight of the overhead moving averages next week . So will see how the ‘squeeze’ between the MA and 61.8% pans out.

Just my views only
GLTAH
Charlie