$ASR Follow-up and Likes, and you will always receive recommendations

Technical Analysis:

The current price is at 7.985 after a strong upward wave from the level of 4.55 to 8.75, which means an increase of more than 90% in a short period.

Indicators:

The short EMA (8) is still above the EMA (25) and (99) → the overall trend is still upward in the short term.

MACD has started to show convergence between the signal line and the MACD line → the price may enter a cooling or correction phase.

RSI (57.7) has returned from the overbought area (>70) → an indication that momentum has begun to weaken.

Trading volume has decreased after the peak at 8.757 → a weakening in buying pressure compared to the peak.

Important Levels:

First support: 7.75 – 7.70

Second support: 7.04

First resistance: 8.20

Second resistance: 8.75 (the last peak)

Recommendation:

If you are in the trade from lower areas (less than $6), it is better to secure profits now partially, and keep the rest with a stop loss below 7.70.

If you are out of the trade, I do not advise entering now unless the price returns to test the support at 7.70 or 7.04 with signs of a rebound.

In case of breaking 8.20 with strong trading volume, we may see a retest of 8.75 or even 9.20.

I see that the next movement will either be a slight correction then continue to rise, or enter a sideways range before taking a new direction.