ASC Bullish Setup | Potential Long Opportunity
ASC is currently trading above the 50-day Exponential Moving Average (EMA) on the daily chart, indicating the potential for a bullish move in the near term. However, the price remains below the 200-day EMA, which suggests a prevailing bearish sentiment. Should the price approach and test the 200-day EMA, it is likely to encounter resistance.
A long position may be considered upon a retest of the price at PkR 6.50, with an anticipated target of PkR 10.50 over the next few months. To manage risk effectively, a stop loss should be placed at PkR 5.
This setup is intended as a swing trade and may require some time for confirmation. Please conduct your own analysis before making any trading decisions. If you find this idea helpful, kindly give it a thumbs up. Thank you!
A long position may be considered upon a retest of the price at PkR 6.50, with an anticipated target of PkR 10.50 over the next few months. To manage risk effectively, a stop loss should be placed at PkR 5.
This setup is intended as a swing trade and may require some time for confirmation. Please conduct your own analysis before making any trading decisions. If you find this idea helpful, kindly give it a thumbs up. Thank you!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.