ASAN 
ASAN has formed a classic Cup & Handle pattern and has broken above the neckline, turning previous resistance into new support. However, the price is still trading below both the 50 and 200 SMAs, which calls for cautious confirmation.
📌 Entry: Wait for a confirmed retest of the breakout level (new support) with healthy volume.
🔒 Stop Loss (SL): Just below the newly established support zone, in case of a failed retest.
🎯 Take Profit (TP):
First TP: Next visible resistance zone above.
If this level breaks and holds (confirmed by retest),
Next TP: The large gap overhead could potentially be filled.
This setup provides a strong risk-reward structure if confirmation aligns with volume and momentum. Avoid early entry without retest.
ASAN has formed a classic Cup & Handle pattern and has broken above the neckline, turning previous resistance into new support. However, the price is still trading below both the 50 and 200 SMAs, which calls for cautious confirmation.📌 Entry: Wait for a confirmed retest of the breakout level (new support) with healthy volume.
🔒 Stop Loss (SL): Just below the newly established support zone, in case of a failed retest.
🎯 Take Profit (TP):
First TP: Next visible resistance zone above.
If this level breaks and holds (confirmed by retest),
Next TP: The large gap overhead could potentially be filled.
This setup provides a strong risk-reward structure if confirmation aligns with volume and momentum. Avoid early entry without retest.
⚠️ DYOR (Do Your Own Research) – This is not financial advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.