ASA LTD
(ASA-NYSE):
Technical Viewpoint: From a low
of $32.05 on Mar 27, 2003 prices
rallied, reaching a
high of $37.15
on Apr 21, 2003. A
decline saw prices pull back, reaching a
low of
$33.75 on Apr 29, 2003.
Another rally saw prices penetrate
resistance, closing 5/19/03
at $38.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 17, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.75. Resistance: Is at $38.84.
Point & Figure: Reversed to the upside on May 6, 2003. A P&F upside
reversal takes place at $35.25. Summary: Technical indicators have turned bullish. BUY! ASA LTD
(ASA-NYSE) @ $38.25 Stop: Use a protective stop of $36.25.
ASA LTD is currently trading @ $38.10 plus $1.88 on May 19, 2003. Price Objective:
$50.25. Risk/Reward: $2.00 VS. $12.00. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$50.25
Risk/Reward:
$2.00 VS. $12.00
Risk/Reward Ratio:
6:1
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