ASB closed Fri backtesting DTLR and we'll see if it can confirm support. Right now we have ascending EMA's so the stock is trending bullish. Volume could be better coming in just below average. But the market has also been below average.
Above the daily 100 the 200 sits around $20.33. Between we have resistance in the $18.50 area.
ASB is also currently between the BBUB(1) and BBUB(2). Which is just a different way of saying the stock is trending.
I'm interested in a long here only if ASB can keep the EMA alignment and stay above the 9, currently around $17.10. Option liquidity sucks so this is a share play. Initial target is $18.50.
Above the daily 100 the 200 sits around $20.33. Between we have resistance in the $18.50 area.
ASB is also currently between the BBUB(1) and BBUB(2). Which is just a different way of saying the stock is trending.
I'm interested in a long here only if ASB can keep the EMA alignment and stay above the 9, currently around $17.10. Option liquidity sucks so this is a share play. Initial target is $18.50.
Trade closed: target reached:
ASB has hit my initial price target and earnings today after-market so time to get out. Chart looks exceptional but now we're at resistance from mid-Apr. Let the gamblers play with earnings and will watch to see how this shapes up and look for a new entry, if given the opportunity.