ASGN: Long term outlookTL;DR- ASGN is a great investment.
As some of you have noticed, I hold my largest and most long term position in ASGN.
It's had great growth overall, but has recently showed greater bullish indicators and may be pulling out of this corrective phase for another bull run.
It appears the $79 mark has flipped from strong resistance to strong support. Also the ascending resistance line has flipped to ascending support. Confirmed breakout of a descending broadening wedge, followed by retest of the line, followed by continued upward movement has shown to be a very bullish display.
My rough projection is that by around September of 2023, we will break $130 and possibly the 1.168 FIB at $134+. If this trend comes true, it will effectively increase my investments from 2017 by approximately 115%.
Though you should never put your eggs in one basket, and always remember that this is still gambling at the end of the day, the rewards can be worth the risk. To eliminate risk, I am now in a position to set a stop loss that would close my investment at 25% profit, set at a position that would only be triggered by a catastrophic or black swan event with the company.
I can do this or put it in a savings account for 0.03% return a year. Do the math.
