A-Sonic Chart Analysis: Bollinger Band Is Narrowing

Stock price is hovering around 0.10 cents as there is no strong impetus to drive the stock price in either direction. Volume is also low. All signs show that most traders are still wary of the recent fall and are choosing to stay on the sideline. Will there be any more news on the aircraft leasing business?

A-Sonic Chart Analysis: Renko Chart

A-Sonic is recovering for 2 days after many oscillator indicators show that the stock is oversold. Volume is relatively low. Buyers are still skeptical. Unless there is a push above 0.10, based on the Renko Chart, the bearish mood will probably linger until there is more news on the aircraft leasing business.

CEO Janet Tan's open market purchase of 250,000 shares at 0.125 is suffering a big loss. Let's see if she has the grit to push the price higher than the purchase price.

A-Sonic Chart Analysis: 50% Fibonacci Retracement Level

A-Sonics has dropped to slightly below 50% Fibonacci Retracement level at 0.092. The penny fallout across the market definitely has an effect on the price drop. Furthermore, the company CEO brought 250,000 shares at S$0.12496 each at open market on 1 Oct did not help at supporting the stock price. This is a negative sign to prospective buyers.

Oscillator indicators like STOC & CCI are in oversold region. Next week direction will be dependent on the market sentiment toward penny stocks. Average daily volume is relatively low as compared to during the surge on 9 & 10 September 2013. Are the buyers holding back or are BBs pushing the price down to force more shareholders to let go their holdings?

A-Sonic Chart Analysis: Price Fall, Sellers Triumph

A-Sonic has fallen to 61.8% fibonacci level. The sellers have triumphed over the longists in the battle to set the trend. The flag formation has been negated. Will the sellers continue to push the price below 0.10?

A-Sonic Chart Analysis: Gap Closed, Testing Moving Average As US Federal Shutdown Looming

Due to the possible US federal shutdown, A-Sonic is testing the moving average support level at 0.126. Will it continue to go down from here? MACD and Guppy indicators are in negative region. RSI is below 70.

The weekly chart provides a picture of a nice flag pole. Support level is at 0.119. Resistance is at 0.145.

A-Sonic Chart Analysis - Rising Moving Average Near Stock Price

A-Sonic's 20-day moving average is rising to 0.122, also approaching the 0.131 price gap on 9 -10Sep. Will this reinforce the 0.131 support level after a week long of declining prices? Will sellers be eager to test this support level? Will buyers allow the support level to be tested? A point to note is the trading volume is declining over the last 3 days. It's a sign that both sellers and buyers are wary of the approaching support level. The flag formation is not negated yet. Interesting time ahead for this stock.

Weekly chart displays a more calming trend. 1st support is at 0.124. Next week stock price movement will likely show a more clearer trend pattern. 1st resistance is at 0.145 and the next resistance is at 0.166.

A-Sonic Chart Analysis - SAR - Price Stops Going Higher

A-Sonic's Stop and Reversal (SAR) shows resistance dotted lines coming lower and closer to stock closing price at 0.172. MACD, Guppy and RSI are going lower at a measured pace. Buyers and sellers are cautioned. Is the big move coming soon? Be patient.

Fibonacci Uptrend Supporting level of 0.126 at 76.4% marking is still intact. Next support level is at 0.108.