ASTRO (BUY ON SUPPORT STRATEGY)
Updated
TECHNICAL PERSPECTIVE:
1. STRONG AND REPEATING SUPPORT LINE
2. POSSIBLE TRIANGLE BREAKOUT
FUNDAMENTAL PROSPECT:
1. SHUTTING DOWN ANALOG TV MIGHT ENCOURAGE PEOPLE TO TRY ASTRO (POSSIBLE REVENUE IMPROVEMENT IN FUTURE)
2. ATTRACTIVE DIVIDEND YIELD AT CURRENT PRICE (5.88%)
RELATIVELY HIGHER RISK AND REWARD ENTRY SETUP — POSSIBLE TRIANGLE BREAKOUT ENTRY SETUP — DIVIDEND INVESTING ENTRY SETUP
EP: 1.320
SL: 1.300
*Disclaimer: Information above is JUST for sharing and discussion purpose ONLY.
1. STRONG AND REPEATING SUPPORT LINE
2. POSSIBLE TRIANGLE BREAKOUT
FUNDAMENTAL PROSPECT:
1. SHUTTING DOWN ANALOG TV MIGHT ENCOURAGE PEOPLE TO TRY ASTRO (POSSIBLE REVENUE IMPROVEMENT IN FUTURE)
2. ATTRACTIVE DIVIDEND YIELD AT CURRENT PRICE (5.88%)
RELATIVELY HIGHER RISK AND REWARD ENTRY SETUP — POSSIBLE TRIANGLE BREAKOUT ENTRY SETUP — DIVIDEND INVESTING ENTRY SETUP
EP: 1.320
SL: 1.300
*Disclaimer: Information above is JUST for sharing and discussion purpose ONLY.
Note
FALL ON UPTREND SUPPORT LINE, EP: BELOW I.35
#1.34 AS MAJOR SUPPORT
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