Hey guys it’s Amir, and tbh I saw this idea at someone else and I thought to share it to you.
So, ASTE, as I see the chart it’s very nice actually I mean we have rounded bottom, we have a retest to the support line after we broke it but what I don’t have yet it’s a confirmation of my RMACD and STOCH so I guess I will wait for their confirmation and yeah probably take the trade, it’s have great Risk/reward ratio. So as I see it ASTE can:
1. From the retest start moving up till around 60-63
Or
2. Continue consolidate between the support and the resistance and eventually broke up to around 60-63
That’s it for now guys.
So, ASTE, as I see the chart it’s very nice actually I mean we have rounded bottom, we have a retest to the support line after we broke it but what I don’t have yet it’s a confirmation of my RMACD and STOCH so I guess I will wait for their confirmation and yeah probably take the trade, it’s have great Risk/reward ratio. So as I see it ASTE can:
1. From the retest start moving up till around 60-63
Or
2. Continue consolidate between the support and the resistance and eventually broke up to around 60-63
That’s it for now guys.