ASP : In need of stronger flows if 2.80 is to be taken out
February 15, 2011 Leave a comment
ASP has tested the 2.80 resistance 4 times so far this month, so a breakout here should see a move to 2.94-2.96 if not 3. However volume is a tad light, and will need to increase to the 25-30m shares / session level if a successful break is to be seen in the near term. Key support for the stock is seen at 2.68-2.70, and unless the market holds north of 973 ASP could well retest this support again.