ASYS - Possible flag formation Day trade from $5.20 to $6.87

26 Jan 2017

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, Second target $6.87
Stop Loss Criteria- $4.77

(Note: Trade update is delayed here.)

1 Feb 2017

Nota

January 27th- Slight decline, still looking good as long.
January 26th- Started higher, declined to entry price & closed 5.7% higher from entry. Overall very good trade.

13 Feb 2017

Nota

January 27th- Slight decline, still looking good as long.
January 26th- Started higher, declined to entry price & closed 5.7% higher from entry. Overall very good trade.
February 9th- Traded further down today. However The company reported good earnings this evening & went up 8% in after hours trading.
February 6th- Nice 8.74% gain today, and traded very close to first target. Looking very good as long. Updating stoploss to $5.43
February 3rd- seems it is in on the move, flag is broken to the upside. Looking forward for hitting second target around $7.
February 10th -jumped up & opened 11% higher after good earnings report. However declined a bit from opening high & closed the day 6.13% higher.