current short float list from 5/26/21 measured from the start of short float hype on jan 21 2021
Resistance 1 : 36.00 Support 1 : 33.10 Support 2 : 28.50 ASO will continue break New High. If unable to break, look back to Support_1 : 33.10
Break and hold 35,21 --> Bullish pt 1: 36.09 pt2: 36.60 pt3: 40$ Below 33.75 --> Bearish pt:33.2 pt:32 pt:30.81 pt:29.32
Primary Target (short term): Bullish Pennant (33%) PT = 41.90$ Secondary Target (Long term): None PT = None
My buddy drew me to this stock. Looking for entry above 33$. Looks ready to rip. Resistance at 32.76. Let’s see if we can get a breakout 43$ is the targeted move if your looking for a stock play
ASO did an ipo in Oct 2020 , they are not a new company , operates 259 stores in US . Founded in 1938. I noticed that they are exhibiting signs of strong leadership especially seeing how when the market was correcting and putting in a bottom (03/08/21) ASO seemingly had no issues holding their base ranges . We have formed a second base since as the stock has a...
$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...
$ASO Long - Another opportunity to get in, building a mini flag base
The numbers back it up. pile in. Shorts have yet to cover and may have increased their short position more since 3/15/21. I have $35 strike calls 4/16 expiry. It's like a southern dicks sporting goods that have the majority of its locations concentrated in states that don't have mask mandates.
ASO is within a Bull Pennant - higher probability exit upwards toward BLUE upper trend line
ASO short term C&H breakout confirmation here and signals an implied move towards $35 ($34.83 to be exact). Watch the red resistance line above as it has been rejected by that 5 times since IPO. Long term, that bottom trend (not pictured) will eventually catch up to that top trend line and create a fallen wedge. You could play the short term implied move here but...
MACD is elevated and the RSI in the white (over bought). Wait for a test of the yellow support line and if it fails wait for entry at lower trend line.
Price broke main trendline. Down from here...
Good volume buying rally ahead of 1st earning release. Tomorrow morning gonna be interesting.
A hot IPO stock that could possibly be working on forming the handle of a cup and handle pullback pattern.