AleksandrLombrozo
Long

Asterias Biotherapeutics, Inc. triangle breakout

AMEX:AST   ASTERIAS BIOTHERAPEUTICS INC
Yesterday AST             closed its session gapping up and breaking an upward triangle which might become a strong bullish opportunity. Although general downward motion is still intact, double bottom which was formed at the beginning of July and triangle breakout have every chance to finish with bearish mood.
We would project the price to go up and reach at least $3.60 where it might stumble upon a gap resistance and trade down.

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