American Scientific Resources (ASFX)

[OBI]

Logic trading range 101

Here is another way to trade ASR, looking at the following chart you can clearly see in the last 3+ years it has been within a set range. What we saw in 2009 was a peak high due to hype, but also a oversold low but given the norm what validates a range requires frequent revisit.

So from this logically I can say a realistic target high lies at 4-5 dollars and a realistic target low at 0.25 (anything below 0.20 is a screaming buy)

it is obvious the middle of the two is right at 1-1.2 dollars.

some can trade of this notion without even worrying what good or bad news the company may bring.

hitting 1.2 wont be a problem, with any semi-significant news this quarter, I guarantee you we will have a shot at 4-5 dollars. Anything beyond will start getting very overbought and over value.