ASX is looking strong after a bullish gap up above the larger corrective flag formation and this action has confirmed the end of the 3-wave ABC corrective wave structure. Furthermore, the stock has also close above the 11.50 resistance turned support. Long-term MACD momentum remain bullish. Stochastic oscillator reverse crossed and is returning to the upside. 23-period ROC is positive and rising.
TP 1 is at 14.50, TP 2 at 35. Support to accumulate in an event of a pullback is at 10.90
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.