ASM
- Previous written analysis was done on 7 Sep -> suggested waiting for next rebound wave before plotting entry
- Today’s retracement has broken through the short-term support and has also created a new Lower Low (LL) -> not good
- If there is an immediate rebound to create a new Higher High (HH), the stock is still in good condition
- Any further drop to around 10.00 levels would be a structure break
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
- Previous written analysis was done on 7 Sep -> suggested waiting for next rebound wave before plotting entry
- Today’s retracement has broken through the short-term support and has also created a new Lower Low (LL) -> not good
- If there is an immediate rebound to create a new Higher High (HH), the stock is still in good condition
- Any further drop to around 10.00 levels would be a structure break
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry