Swing Setup – $ASPX

This is a purely technical setup. I don’t know one thing about this co. and I’m not even sure when they report earnings. But it’s a nice technical setup for a swing trade.

Simple Weekly Chart: Base formed, appears to be consolidating recent gains.

Relative Strength: This is likely the best indicator for good short term setups. If the mkt is strong in the near future the stocks that held up from early sept – late oct are the ones you should be paying most attention to. ASPX shows nice RS and also has a nice volume profile in the last couple months. Very positive.

Daily Chart/Swing setup: 2 ways to look at it: buy a breakout (if it occurs) or anticipate a breakout.

If you plan to buy a breakout it appears that $28 is the level to watch for. On increased volume is ideal.

If you want to anticipate a breakout this chart seems useful:

Just an observation. Bios are extremely risky. Always do your own work.


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