ASL still strongly trending down. The time to sell was when ASL first traded below the 200-day moving average back on May 24, 2018 at circa $2.36. Stocks have no business trading below the 200-day MA, hence I always get out. Selling is how investors both get payed and manage risk.
Our ASX market is currently in relative turmoil. I did an All Ords (ASX 500) scan of new 52-week lows over the last 30 trading days. It generated an astonishing 299 results! ASL is of course among those 299 results.
New 52-week highs generated just 69 stocks.
The vast majority of ASX 500 stocks are trading below the 200-day MA.
Disclosure: until the macro worldwide stock market indices stop falling, I am 90% in cash.
Ann: Moody's Upgrades Ratings for Ausdrill and Barminco, page-5
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 (20min delay)
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Last
93.0¢ |
Change
0.015(1.64%) |
Mkt cap ! $131.5M | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 98.0¢ | 92.0¢ | $793.6K | 843.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8629 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 4820 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ASL (ASX) Chart |
