The ALGO engine generated a buy signal for shares of ASX at $49.00.
Many investors were able to write covered calls or exit long positions of ASX around the $52.50 level, last traded in early February.
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We are cautious of the general market sentiment , but still like the longer-term growth prospects and a move back at least to the 30-day moving average near $51.10.
A tight stop-loss metric should be employed on long positions of ASX at, or near, the January 2nd low of $49.15.
