Ascendis (ASC): Closing in on Key Levels

This is a small cap which requires less capital deployment (a poor man's gamble), price has been trending downwards & currently battles are set on key support lines. In terms of time this looks to have less than 8 weeks if it wants to move downwards. I will be watching for a drop into the rectangle and forming a swing low. Ideally price must go lower than 45 cents before turning upwards. That and a cross of the blue resistance line means a good move upwards is in store.