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Looks a little overbought on the intraday charts, interesting to...

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Jase12

1,407 Posts.

38

04/08/22

09:46

Post #: 62914526
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Originally posted by Dazedandconfused: ↑

Hi guys

I am being a bit cheeky here... as I hardly ever even look at this thread.

Have a look at ASM.

I am a long term holder of ASM and I am in it as an investment. The last few months it has come under consistent short selling (down from $10 at the beginning of this year) The current short position is around 4.5% (6.5M shares with shares on issue around 140M) Since last Thursday the stock has risen +25% and it looks like finally the buyers have arrived.
This is the reason I thought someone here might find it an interesting daytrading opportunity
View attachment 4570804
Personally I am not too fussed... I think the stock has plenty of legs all on its own... but it would certainly be nice to see it return to good health on a quicker timeline.

Anyway... pardon the intrusion.... hope you don't mind.

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Looks a little overbought on the intraday charts, interesting to see how it opens. ASM
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