ASC Al Shaheer Corporation Technical Update 3rd Sep 2021

• 2021-09-03 09:30:00
• 28 Comments
• 231 Views
• psx-analysis
• Noor Maier

ASC Al-Shaheer Corporation
ASC is caged in a descending wedge on daily chart and have completed its 50% correction of its last bullish rally inside this wedge, meanwhile it's being supported by a rising trend line.
Meanwhile a strong horizontal supportive region is standing at its 50% correction level and its being supported by previous resistant trend line on its 61.8% correction level. These both scenarios show that breakout above 18.30 will call for 19.50 and in case it would succeed in closing above this region on daily chart then it amend its previous high. But all depends on breakout of current wedge in upward direction. share your views what would be best strategy to trade this script.
Please do your own research before trading

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