Description
⋅ The candlestick indicates a breakout signal due to significant price movement backed by high volume with the price closed above the MA50 line.
The MACD signal is in a positive trend, hence, confirming the price uptrend toward the next price resistance.
The RSI cross-up of the indexer 70 indexer due to fresh buying interest on the stock making the candlestick in a breakout pattern.
Precaution for a price correction between 5%-10% from the recent peak before continuing with a price uptrend towards the next price resistance.
Let's save ASB in WL and watch out for significant price movement backed with volume toward the next price resistance.
R 0.195
S 0.080