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Long

Ascent Resources - Looking good

LSE:AST   ASCENT RESOURCES PLC ORD 0.2P
Looking at AST we can see strong support from the convergence of Moving averages since price crossed the 200MA back in July.

Today has seen a massive spike in volume from 2p, with both the RSI and Stoch oversold. Price also coincides with the .618 fib level.

This is a buy for me on tomorrows open if price breaks above 2.2. If it doesn't I will look to buy at 2p.

Stops at 1.7
TP 4p

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