An idea for the bears showing a channel breakdown in two situations
Each channel is very similar that is why I am comparing the down movements aswell
The green horizontal is considered a strong support
$ASAI setting up. 4 bullish signs:
* 55% advance post IPO launch
* Pulling back only less than 10% from ATHs (bullish)
* 2 Months of sideways consolidation price movement
* Building its base around 50 MA
$ASAI early box setup. Volume pattern looks very solid and its what grabbed my attention. There is hardly any selling in this new IPO. Couple more days in this box would be ideal.
