ASIA is holding and supported by the long-term trend and the 99 Day Moving Average. The recent move down is a healthy market correction.
If this is to break the blue trendline, the next support is at the 62% fib retracement at $10.78.
If this is to break the blue trendline, the next support is at the 62% fib retracement at $10.78.
Comment:
Long term trend has broken and price heading down to the 62% fib retracement at $10.78. I will be considering topping up at this level.
Comment:
Comment:
The support zone has become resistant coinciding with the 50day MA. Needs to move past the 50day MA looking for confirmation of a potential reversal.