where is asic, page-19

Fundamentals aside....I have only taken a small stake here. I see it as a high risk high reward trade. The blue line above the SP is a 50 day sma and the pink is a 41 day ema.....chances are the SP will move up to test that region so it could be 30 to 80% in it. There was a nice long lower shadow on the candle the day it bottomed and a subsequent higher low. And is that a ascending triangle about to break up ?? Hmmm, could be. This is probably not one to put the homestead up against but worth a little dash I think. If I'm wrong then a quick bail out with a small loss is the way to go.