$ASR – BULLISH CONTINUATION WATCH
$ASR has surged strongly from the $2.97 low, breaking through key moving averages and touching a high of $4.20 before pulling back slightly. The move signals strong bullish momentum, with buyers currently in control.
A sustained close above $4.05 could trigger further upside toward the $4.20–$4.35 zone, while increased buying pressure may even extend the rally higher. However, if ASR falls back below $3.85, it could lead to a deeper retracement toward the $3.70–$3.60 support area.
Trade Setup (LONG)
Entry Zone: $3.90 – $4.05
Targets: $4.20 → $4.28 → $4.35
Stop Loss: $3.82
Risk Management: Risk only 1–2% of capital per trade. After the first target is achieved, move stop-loss to breakeven to secure profits and reduce downside risk.