The price action is currently near the test of ascending trend line after got rejection from 15.52 level where bearish divergence with RSI is observed and closes at 12.40 in the last trading session. Upon sustaining the trend line support price can pull back towards its resistance levels of 13.50. If it breaks down ward then further bearish momentum can be seen.
Aseer stock may retrace a little to complete w-4 before continuing its impulse wave. 12.42 is the upper price channel and also a confirmation. It either penetrates right away or retrace to the mid channel 11.36 but not more than that otherwise it cancels the whole analysis.