Rebound Insight
Our Pivot: 11.30
Our Preference: Start buying ASC from current price and average it out till 12.25 with strict stop loss of 11.30 and profit target at 15.50 and 16.40
Alternate Scenario: Downward penetration of 11.30 will call for 10.17.
NOTE: ASC is trying to establish ground above a horizontal supportive region where a weekly double bottom is taking place.
Chart with supports & resistances:
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