Channel is moving completely sideways and has been since first listing
showing the bull and bear periods
Monthly chart so price could lead to a long term break out potentially, it may take some time although
so this came across my scanner and it's hitting a line of resistance and it's hitting the channel line. It's a pretty volatile stock so I'm thinking it will move a lot. I have a good feeling about it. buy at your own discretion. also with this really it's hitting its second peak.
My Opinion:
Strong Gap Up after positive (surprise) earnings.
I hope to see another strong green day towards $12.
Then, I will watch for sell off and consolidation on 20EMA for entry.
Thoughts?
This is an interesting play. ASYS has been consolidating between 4.00 and 6.00 since mid-2018. It hasn't seen tracked the gains to solar and semis so far in 2019. The weekly chart shows a double bottom at 4.00, rising relative strength and a PMO crossover with a bull kiss to boot. The squeeze has been building on the weekly chart since mid-November 2018. ...
NASDAQ:ASYS double bottom reversal. It saw support at this level in July, August, and late January. It saw resistance at this level in mid November so i think its a significant support level. Volume has completely dried out which leads me to believe selling pressure has died out. Its right at its 65 day moving average and could see support and bounce off of...
ASYS is a possible flag formation. Very speculative trade, seems there was some promotion or some major news. We would be very cautious & most probably it will be a day trade.
* Trade Criteria *
Date first found- January 25, 2017
Pattern/Why- Possible flag formation, Day trade
Entry Target Criteria- Break of $5.20
Exit Target Criteria- First target $6.17,...
