ASC - Long (with caution)
Updated
Got in ASC Long
Happy to take a 4% risk as I got a great entry (for once!)
Coil breakout into new multi year high
EMA Uptrend
This is a smaller position than usual given there are concerns over profitability and valuation
Happy to take a 4% risk as I got a great entry (for once!)
Coil breakout into new multi year high
EMA Uptrend
This is a smaller position than usual given there are concerns over profitability and valuation
Note
Earnings are out and seem good - Q2 Non-GAAP EPS of $0.81 beats by $0.09.
Revenue of 107.1M (+126.6% Y/Y) beats by 45.98M.
Note
Also yesterdays close was significant as ASC was able to close above the prior swing high of 8.24
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