Asensus Surgical Inc (ASXC)

[XJINVESTOR]

I have been extremely bullish on this stock for some time and you have to really love the move it has taken. In the last couple months it has gone from 1.31 to a blistering close AH at 5.90 today. I love the prospects and potential here. However.......

Be careful here. This is looking a little toppy to me up here.
1. RSI has heated up to near 90 signalling that it is overbought.
2. More insider sells by Pope and Slattery tonight. This is a scheduled stock option plan predetermined, but this will cause some selling.
3. Needs to consolidate a bit after a torrid run.
4. Another hitpiece came out yesterday. Strangely enough there was no reaction to it. They used to just tank the stock for days with it.

I still love the stock and long term prospects here. Probably the smartest thing one could do would be to just lock this away for 10 years and collect unbelievable returns but I think short term this could take a hit. It probably would be smart to have some dry powder on hand if this consolidates or to sell up here and buy back down lower. Keep an eye on it but if this nosedives the next few days don't say I didn't warn you! Don't shoot the messenger!

Just keep a close eye on that RSI.....