ASC 6.67% 1.6¢ adultshop.com limited

Holding on... ready to bounce

  1. 80 Posts.
    It looks like ASC is holding its own today against the drop of a lot of other tech stocks on the ASX.

    There seems to be a bit of a standoff between buyers and sellers at the .330 - .335 mark at the moment. It's been like that since late Friday afternoon.

    There are a lot more buyers then sellers at the moment though, so I expect this stock to start bouncing up again from this level. It will probably rest up slightly at around .345 towards the end of this week. If it does pass through that barrier, I see it heading towards .370 and holding there before heading up again later this month.

    Good time to buy into this stock. All of the profit takers seem to have all but disappeared from the surge a couple of weeks ago... so the only way is up from now :).

    Any thoughts?
 
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