Jan

18

ASTI ChartASTI is looking as though it may bounce off of it’s trend line in the next few days.  In the chart i posted with this summary you can see three points on the trend line; the last being today.

The RSI is a bit above 30 and if you look back on the chart it rarely gets down to 30.

There is also about to be a roll over on the stochastic.

MACD, to me, is a bit ugly and a bit of a concern as I personally like MACD signals a lot.  I think that it may be good to wait on this one for the price to either cross or bounce off of about $15 and see whats going on.  If it crosses under and comes back up through on strong volume, then it could be a nice ride to 18-19 dollars.

I think buy around $15, and sell around $19… or after $19 just put a semi-loose stop loss on and ride it as high as you can. 

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