Rebound Insight
Our Pivot:49.51
Our Preference: Buy above 52 and average it out till 50.70 with strict stop loss of 49.51 and profit target at 58.92.
Alternate Scenario: Downward penetration of 49.51 will call for 45.65.
NOTE: ASC is getting support from a rising trend line along with a horizontal supportive region.Weekly Stochastic also have generated crossover and its ready for a bullish ride.
Recommendations:
Buy above 52 and average it out till 50.70 with target at 58.92.
Daily Chart with Supports and Resistances:
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