Here is tonite's TA...........
First, I must make it clear that this is for the day-trader. Please do not take this as a long-term recommendation of ANY kind. I have already made my longer postion clear (I think). Waiting for earnings and Interop presentation to make that decision. Now, with that said.......
MACD is holding a weak buy signal, but, is basically neutral, since the way it is sitting on the chart it could feasibly turn up or down from here. (no help)
Slow Stochastics fell from around the 50% to the 20% level, this is good. This is suggesting that the stock may have a little bit of a drop tomorrow A.M., but, that this dip... especially if its a larger dip (a point or more) on no new news. In other words, if ASND drops just becuz the mkt opens cruddy, this indicator says BUY.
Fast Stochastic actually bottomed out mid-morning today!!! that probably helps to explain the bounce from the open to the close. To tear this indicator apart further, the Fast K% is already bottomed and heading up. (very positive). The Slow %D shows just a bit more downside, supporting the Slow Stochastic info above. (buy any weakness).
Last but not least, the money flow, which is similar measure of in-flows and out-flows of mutual funds, was VERY interesting to me. Did anyone else notice the 500 large block # ASND achieved today? I figured that it was obviously the big boys squaring positions for the quarter, and selective dumping of this "neutral" stock. Well, this indicator showed a $1.3 billion move to the upside today!!! I take this the only way I know how...... THE BOYS ARE GETTING IN THIS STOCK RIGHT NOW!!!!!
Conclusion: I am calling for a 2 pt or more move up from today's close by Thurs close. I am also becoming more and more convinced of the bottom being put in today IMO. There you have it!!! Remember the charts are only charts......But, I like it!!!! This again is only one man's opinion, just sharing. So, before you mortgage the house, please form a solid one of your own!!!! Good Luck To All!!!!!! |
