ASC - Long (with caution)

Got in ASC Long

Happy to take a 4% risk as I got a great entry (for once!)

Coil breakout into new multi year high
EMA Uptrend

This is a smaller position than usual given there are concerns over profitability and valuation

Comment:

Earnings are out and seem good -

Q2 Non-GAAP EPS of $0.81 beats by $0.09.
Revenue of $107.1M (+126.6% Y/Y) beats by $45.98M.

Comment:

Also yesterdays close was significant as ASC was able to close above the prior swing high of 8.24