$ASC #ASC #JSEASC
I know alot of people are following this and its starting to look bullish again.
I would long this and aim for the GAP 260-280
Reason : Weekly and daily MA 10 / 20 AND 100 MA(daily) cross
TP: 120 - 175 - 239 - (260+ extended)
SL: 84
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ASCENDIS HEALTH LTD - ASC
Until 119 /120 does not flip into support there is no need for me to FOMO and take unnecessary risk. Will most like a change to buy it cheaper patience my boy patience.
Massive investment institutions will short a market just enough to push weak hands out, but not enough to break the company.
Although if that happens they don't care either...
Yes, I too thought I was losing my mind, but luckily I held on, otherwise I wouldn't be 20 percent in the green today!
Ascendis just fell from 2.21 rands a stock to around 85 cents.
This is one of the greatest buying opportunities I've witnessed in my 40 year career as a trader...
And the stock is still under R1.00
We all know them: The kinds of people who would claim they never use the toilet.
My advice to you would be to block them from facebook and block them from in real life.
Real energy wasters.
I say this as we consolidate around the 50 % retracement level.
I think holders are understandably spooked by the massive selling yesterday.
Some still believe the mainstream media about Chloroquine's exaggerated dangers, a drug commonly found in tree bark which goes into everyone's gin and tonic.
Soon sellers will have to relent and this will give way to massive buying.
There was a league of idiots running the government of South Africa
There was a whole army of idiots running the broken down circus in Zimbabwe
And small caps, apart from security shares got zapped
Goodnight and goodbye
Chloroquine producing company up 73 percent today. This company was going down the tubes
This is the drug Trump recommended. We should open up the debate:
Could we reopen the economy and use this drug as an alternative to what will likely be Bill Gate's and co's new banking system and identification matrix? ?
Alternative measures include keeping the vulnerable...
A possible falling channel on this stock, if books and theory are to be believed we might get our upside break here and a possible bottom. but one needs to be careful, especially with fundamentals of such penny stock.
Just a retrospective view on what has happened on this stock, we wait to see the end of it, I like the way the heights were reached a clear double top, and the continuation patterns along the way down. one of these days the turn shall come. I am keeping my eyes open here and my options too.
After breaking the downward stride the hope was that an accumulation trading range (TR) was forming. However, it seems there is no buying interest in the stock with the volume drying up. Attempts to rally have been poor and formed lower lows. The TR has been broken and there could now be more downside to come.
ASCENDIS HAS RELEASED SOLID NUMBERS IN THE FY18 AND HAS HAD REVENUE GROWING IN THE LAST 5 YEARS. WHEN WE LOOK AT THE CHART WE SEE THAT THE SHARE HAS BEEN BUILDING MOMENT SINCE DEC18 AND IS CONSOLIDATING AT CURRENT LEVELS CREATING A BULLISH FLAG. A BREAK ABOVE THE RESISTANCE OF THE FLAG COULD TRIGGER A CONTINUATION TO THE UPSIDE.
