ASB 0.00% $3.15 austal limited

Hi stu71, winkinatya & entropylordSorry to have 'gone missing'...

  1. 21,782 Posts.
    Hi stu71, winkinatya & entropylord

    Sorry to have 'gone missing' from the ASB thread - exited at $3.38 & re-entered at $1.85. Sadly extended grandparent duty meant I missed out on the JHSV trade.

    My analysis [chart below] is that support has been holding at $1.89, but given that trend line support has been pierced & daily highs have fallen the resultant symmetrical triangle may be signalling a bearish settling to nearby but lower support levels [$1.77 - Jan22 2007 LOW, therafter $1.50 & the Oct 28 LOW of $1.38].

    On the other hand & as demonstrated by the SP response to the JHSV announcement, IMO another positive outcome & kaboom - we have liftoff!



    4YIO - NFA
 
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