ASC - Long (with caution)
Got in ASC Long
Happy to take a 4% risk as I got a great entry (for once!)
Coil breakout into new multi year high
EMA Uptrend
This is a smaller position than usual given there are concerns over profitability and valuation
Happy to take a 4% risk as I got a great entry (for once!)
Coil breakout into new multi year high
EMA Uptrend
This is a smaller position than usual given there are concerns over profitability and valuation
Note
Earnings are out and seem good - Q2 Non-GAAP EPS of $0.81 beats by $0.09.
Revenue of 107.1M (+126.6% Y/Y) beats by 45.98M.
Note
Also yesterdays close was significant as ASC was able to close above the prior swing high of 8.24
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.