ASII – Flag pattern

ASII has breakup the flag pattern resistance on the last two trading days.
Flags pattern are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.



The price rebounded after touched the lowest line of Standard Error channel,
MACD Histogram and True Strength Index indicator give good signals. These could be considered as the beginning of new up-trend.

Target Price : IDR 33,600 (2-4 months).

Best Regards,