ASYS is a possible flag formation. Very speculative trade, seems there was some promotion or some major news. We would be very cautious & most probably it will be a day trade.
* Trade Criteria * Date first found- January 25, 2017 Pattern/Why- Possible flag formation, Day trade Entry Target Criteria- Break of $5.20 Exit Target Criteria- First target $6.17, Second target $6.87 Stop Loss Criteria- $4.77
(Note: Trade update is delayed here.)
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January 27th- Slight decline, still looking good as long. January 26th- Started higher, declined to entry price & closed 5.7% higher from entry. Overall very good trade.
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January 27th- Slight decline, still looking good as long. January 26th- Started higher, declined to entry price & closed 5.7% higher from entry. Overall very good trade. February 9th- Traded further down today. However The company reported good earnings this evening & went up 8% in after hours trading. February 6th- Nice 8.74% gain today, and traded very close to first target. Looking very good as long. Updating stoploss to $5.43 February 3rd- seems it is in on the move, flag is broken to the upside. Looking forward for hitting second target around $7. February 10th -jumped up & opened 11% higher after good earnings report. However declined a bit from opening high & closed the day 6.13% higher.