ASDION fell from the recent minor rally peak of 76 sen on Oct 27 to a 1½-month low of 37 sen on Nov 25 amid extended correction before bouncing off slightly to achieve a high of 43.5 sen during intra-day trading amid fresh bargain hunting interest. Apparently, the moving average convergence/divergence histogram is seen improving while the stochastic momentum index and the 14-day relative strength index curve up from the oversold area, implying prices are set to firm in the short-term. A clear breakout of the 50-day simple moving average of 50 sen will clear the way for more scaling, enroute to the 65 sen mark or 80 sen barrier. Solid support is pegged at the 30 sen floor.
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