ASP : Next target 3.2-3.3, if surpassed, then 3.9

ASP should manage to test 3.2 to 3.3 quite soon, but it is a breakout here we await, because it could see a big ramp all the way to 3.9 or so, maybe 4+.

ASP has some support at 3, with a stronger level from 2.88 to 2.92, which is a god range to buy in if not already long.

 

ASP : Stronger support at 2.68-2.70

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

 

 

 

ASP : In need of stronger flows if 2.80 is to be taken out

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.