ASP : Stronger support at 2.68-2.70
March 11, 2011 Leave a comment
ASP has had a good run, but today’s candle is of the breakdown variety, and will not look good if it ends the week at 2.78 or lower. The stock has stronger support back at 2.68-2.72, and it is at this range where a rebound trade may be on offer early next week.
A rebound from 2.80 – its current price to nearer 2.86 is a lot to ask today, and for now the risk of bad news seeing a poor close today seems a tad high