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.