ASX follow: still long

By goodguy
This is a follow up from May 8 post (link below).
Still looks positive to me. Near term target box given. But if goes above the recent high of 5.7 then a move to 7 seems possible. Process your way.

This is a semiconductor company in Taiwan as is TSM which I also posted and has rocked up to the suspected target. Hope hope some of you profited from that.

Observation: Notice the beautiful "cup" formation from April to December 2019. Followed by a sharp drop. No one pattern works every time. There is an old saying: "Many a slip between the cup and the lip" I guess this one falls into that category.
Have a great day.
ASXFibonacciSupport and ResistanceTrend Analysis

Related publications

Disclaimer