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[CU]

Old postings purged.

[CU]

ASL Marine (2008-02-28 Closing Price $1.18)

Share price has fallen >40% from $1.94 to $1.14 . Recent recovery struggled along 23.6% retracement level while today's closing produced a mixed signal:
- bullish harami candlestick pattern
- bearish MacD signal cross while staying negative

Could this be the next target of Dead Cat Bounce? I view the bearish signal produced from MacD having a greater impact, share price eventually is likely to break below recent low of $1.14

[HC]

ASL Marine (2008-06-12 Closing Price $1.22)

Price has fallen off the support and now we see increasing volume rushing price down.  Next support 1.12.

[CU]

2009-04-27 Daily Chart [$0.525]

ASL Marine
- an attempt to break 53.5c resist fails immediately along long term resist since May-08 as shown
- on positive side, 10/40days SMA have formed a golden cross while recent retracement has been minimal on low volume
- 40days SMA turned into potential support along 45c
- DI is positively placed while ADX maintain along high level (not shown), suggesting uptrend intact

Short-term: Buy on weakness or high volume breakout above 53.5c
Validity: 1~2wks

[CU]

ASL Marine [2010-03-02] - $0.90

The super low volume consolidation pattern that was last appeared in Dec '09 has once again shown up in Feb as shown. It lasted about one month before stock rally on rising volume. Current trading is narrowly range within 0.89~0.92 and has also extended for about one month time. Perhaps a breakout is coming soon (except we've yet to be sure of which side is the breakout)

Resist - 0.92 (immediate) | 0.955 (gap-down resist)
Support - 0.89 (immediate)
Validity - 1 week or upon breaking of support/resist

Chart created with ChartNexus charting software