The price is forming a rising wedge pattern with higher highs and higher lows.
The price is still moving inside the pattern, once it breaks the support line it would be a good time to enter the short position.
RSI is showing signs of bearish divergence.
Target is shown on the chart.
ASO Daily TF
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With ER on Tuesday $ASO could see some nice movement, holding strong above the 20 ema and a nice bull flag setup to break ATH. Previous ER moves highlighted 14 days after report.
Target: 142+
Key levels
Resistance: 37.75
Support: 36, 35.26, 33
$ASO navigated out of its consolidated price pattern with a resurgent of its uptrend coupled high sessional volume, rallying up +15% this month (April). $ASO was previously whipsawing along its 20DMA over the course of 7 weeks since the start of February. $ASO is currently trading at $32.70, merely a dollar away from its all time high.
At the current junction...
