ASR
Overall Sentiment: Mixed, but with a recent bearish bias. After a significant rally in the past week, ASR is currently experiencing a strong pullback, falling below key support levels. This could be a natural correction or a sign of a short-term trend reversal.
Long Trade:
* Entry Idea:
* Conservative: Look for a confirmed bounce from a stronger support zone, such as $4.40 - $4.60.
* Aggressive: A sustained break and close above immediate resistance at $5.30 - $5.40 with increasing volume could signal a reversal of the current downtrend.
* Targets:
* Short-term: $5.50 - $5.80
* Mid-term: $6.00 - $6.20
* Potential stretched target: $6.50 - $7.00
* Stop-Loss (example): Below $4.30 or $4.00 (depending on entry and risk tolerance).
Short Trade:
* Entry Idea: If ASR fails to hold a bounce at $5.10 - $5.20 and gets rejected with bearish confirmation, or if it breaks down convincingly below the next support level.
* Targets:
* Short-term: $4.80 - $4.90
* Mid-term: $4.50 - $4.60
* Stop-Loss (example): Above $5.30 or $5.40.
Key Support & Resistance Levels:
* Resistance: $5.20, $5.40, $5.80, $6.00
* Support: $5.00, $4.90, $4.80, $4.60, $4.40