Fib retracements leavs asan at around 53 fallowed by 48 . Then we see a bounce off this levels.
Study this chart for future reference. It still has not broken down below the 10MA.
Daily and monthly candles have continuation of large green 3 candles with big ole wicks. Daily has W setting up Could be worth a swing.
#tradeidea
Interest is back Short term pressure are over and is now time to fully appreciate all the Potential from ASAN
nice volume @ A , held after the pull back, and has higher highs. still has potential to move upward What do you Think?
This software name recently IPOed in 2020 and is breaking ATH. Trend based fib extensions above as potential resistance levels.
Possible move:17% Reward/Risk: 3.6 (R/R>3 is Ideal) Time frame: 1-2wks This is just my technical view, not a fundamental comment..! I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!
This is a swing trade for me. I have sell limit at $36.50 My only regret is that I didn't buy more because ASAN and YALA are literally following my plan to a tee.
ASAN reported earnings on December 9th AMC. Q3 revenue grew 55% yoy and had fiscal year outlook and guidance raised. Although there was an operating loss of 105% of revenues, it is an improvement from FY Q3 2020 net loss of 166% of revenues. Furthermore, the company is expecting to maintain net losses for fiscal 2021 however is citing increased business...
ASAN possible bottom after IPO. Earnings in December. Could be a good risk reward play if market doesnt crash. Volume was almost non existent until now on this stock. See chart. Price target 27$ Stop if market crashes as always.
786. RETRACEMENT TP AT 26.50 GOOD ENTRY AT 25 OR CHEAPER 1-3 DAY TRADE
IPO intraday trading strategy idea Asana is a work management company. The share price is rising and gonna continue this trend today. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price today. So I opened a long position from $29,37; stop-loss — $26,63 take-profit — MOC...