ASRT Current Setup - Part 3 - The Wedge Returns
So the same channels are still in play here, and we did not successfully keep the momentum above $1 to keep it in play.
There have been several re-tests against the resistance and supports along the yellow channels lately, including some odd barcoding today as it tried to break out over $1.
I have identified another wedge and kept the previously identified channels for the most part.
We're now looking to possibly bounce sideways in these channels through the end of March, barring either market events or something of substance at the conference on the 15th.
As has been the case before, we still need to break out of the $1 and $1.15 channels and hold support before we can truly consider a reversal of the trends.
There have been several re-tests against the resistance and supports along the yellow channels lately, including some odd barcoding today as it tried to break out over $1.
I have identified another wedge and kept the previously identified channels for the most part.
We're now looking to possibly bounce sideways in these channels through the end of March, barring either market events or something of substance at the conference on the 15th.
As has been the case before, we still need to break out of the $1 and $1.15 channels and hold support before we can truly consider a reversal of the trends.
