Panjang
ASNA - Strong Uptrend Overbought with Volume Surge
ASNA has had a great bullish uptrend with unusual volume surges this week. It closed on $3.2 on Friday.
ADX sits above 30 with DMI + over 44 and DMI- at around 7
This is due to a positive earnings report by Macy's which may show that ASNA will also improve.
ASNA itself reported a net loss then expect loss via analysts but the tie between Macy and ASNA has helped keep ASNA in prospective.
I have entered this at $2.2 and exited at $3.2.
Price Levels for entry are Entry/Support $2.95/3.03/3.09 Pivot 3.18 Resistance 3.3/3.41/3.53 + Since this is overbought I would look to re-enter closer to the Pivot of $3.18 and support $3.09.
ADX sits above 30 with DMI + over 44 and DMI- at around 7
This is due to a positive earnings report by Macy's which may show that ASNA will also improve.
ASNA itself reported a net loss then expect loss via analysts but the tie between Macy and ASNA has helped keep ASNA in prospective.
I have entered this at $2.2 and exited at $3.2.
Price Levels for entry are Entry/Support $2.95/3.03/3.09 Pivot 3.18 Resistance 3.3/3.41/3.53 + Since this is overbought I would look to re-enter closer to the Pivot of $3.18 and support $3.09.
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.