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.

A-Sonic Chart Analysis - Flag Pole Formation

A-Sonic has a flag pole formation on 9 September 2013 to 20 September 2013. Near resistance at 0.155. Price gap at 0.131 to 0.145. Strong support at 0.131.

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1. Chart Indicators View

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2. Stock Code View

The stock code view provides a quick understanding of the recent price and volume trend. To assess quickly the bullishness or bearishness of the stock, users can determine the trend by simply comparing the number of lines of green colour vs the red colour.

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This page shows the ratings of all trend indicators.

6. Oscillators Summary View

This page shows the ratings of all oscillating indicators.

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Point and figure chart plots price against changes in direction. Column of Xs is plotted as the price rises and column of Os is plotted as the price falls. Users can configure all chart types in this software to their preference and customise the tools to aid their own trading techniques.

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Kagi chart will show to the users the path of price movements. It is independent of time and direction is changed only when a specific amount of rise or fall is reached. The screen can be split into two to compare the Kagi pattern with the normal trend pattern.

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Renko chart is also time independent like Kagi chart. It is very useful in identifying trends and trend direction. Green bricks represent bullish trend, and orange bricks are indicating bearish trend.

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Three Line Break chart ignore time and only change when prices move a specific amount. The high or low of the prior two lines sets the reversal point. Filtering out the noise by focusing exclusively on price changes is useful to determine the underlying trend.

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