In my most recent ASR idea that I posted three days ago, I argued that ASR was seeing some nice gradual gains over the course of a week or so. These gradual gains were a possible indication of a big bullish move ahead. It took only three days for that big move to happen! Please take a look at my ASR post of three days ago, linked in related ideas.
Now, it appears that ASR is not losing steam and still showing bullish behaviour. It took out the old R2 target with ease and is now making its way up to new local highs.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.