ASC has been the gift that keeps giving for me.
It has strong Growth characteristics that the market is seeming to reward once again. Alongside this the company is an energy transportation play which is a sector I am focused on given the European energy market
The 20EMA acts as a Support, with the company riding this up and rarely breaching it - yesterday you can see that the stock came within a few pennies of touching the 20EMA, but this was then rejected.
Keeping stop very tight as if it does breach the 20EMA I am out
It has strong Growth characteristics that the market is seeming to reward once again. Alongside this the company is an energy transportation play which is a sector I am focused on given the European energy market
The 20EMA acts as a Support, with the company riding this up and rarely breaching it - yesterday you can see that the stock came within a few pennies of touching the 20EMA, but this was then rejected.
Keeping stop very tight as if it does breach the 20EMA I am out