ASB 2.59% $3.17 austal limited

Interesting that price has found resistance above $1.60 - looks...

  1. 8,420 Posts.
    lightbulb Created with Sketch. 59
    Interesting that price has found resistance above $1.60 - looks like supply trapped from that consolidation period after the gap down in December. Recent news flow suggest the company is performing well enough to drive the SP to close that gap to 2.28 which would be almost a 50% gain from here. Need to get through that supply zone first...

    Cheers, Sharks.
 
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