Monday, April 21, 2008

ASCM 21Apr2008


-ASCM is now accumulating above a good support point.
- The security is showing high volumes.
- The major trend is up.
- The short term is sideway.
- Very risky to break down the 200LE level
- Still, investors are obliged to accumulate within this Febo level (38% level)
- RMO traders will NOT enter the security until 235 level penetrated upward.
- Swingers will trade the sideway 200 ~ 234LE range 17%
- The security is known to move UP fast intra-day level, yet very slow for EOD traders.

1 comment:

akramsh said...

-The level reached today (200LE) is very attractive if there is a rebound.
- Still, trading bellow this level will bring the security to very low price levels that we surely do NOT want to see.
- Hold your breath, make sure you have your money ready.