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Ascent Resources - Looking good

Long
LSE:AST   ASCENT RESOURCES ORD GBP0.005
Looking at AST we can see strong support from the convergence of Moving averages since price crossed the 200MA back in July.

Today has seen a massive spike in volume from 2p, with both the RSI and Stoch oversold. Price also coincides with the .618 fib level.

This is a buy for me on tomorrows open if price breaks above 2.2. If it doesn't I will look to buy at 2p.

Stops at 1.7
TP 4p


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