I thought now that we are off and running again, maybe its time to talk about TA.
After a near 70% rise from 3.7c to 6.4, profit taking was always on the cards, common retrace when a big surge happens is 50% based on Fibonacci, or possibly 61%, so this could take it back anywhere from 4.5 - 5c, this is just normal activity prior to accumulation ready for the next surge.
With a whole heap of news coming in the next few months on the back of a pearler ann a couple of days ago, once profit taking has finished, get ready for lift off.
AIMHO of course, GLTAH
ASN Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
