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ASCENA Retail, Short Term Roll/Consolidating, ASNA
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock Trader.
For the short term I believe ASNA is rolling. My prediction for the immediate future is it will continue down to one of my two Support lines (either $1.95ish or $1.85ish). Once Ascena hits one of those lines I believe it will bounce and continue its roll back up to a $2.47ish Resistance. If Ascena hits one of the two Support lines I've drawn and bounces up, and the market tone of the main Indexes ends the current retracemet and reverses back to the ongoing Bull trend, I will consider entering an up play.
For the short term I believe ASNA is rolling. My prediction for the immediate future is it will continue down to one of my two Support lines (either $1.95ish or $1.85ish). Once Ascena hits one of those lines I believe it will bounce and continue its roll back up to a $2.47ish Resistance. If Ascena hits one of the two Support lines I've drawn and bounces up, and the market tone of the main Indexes ends the current retracemet and reverses back to the ongoing Bull trend, I will consider entering an up play.
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