ASL Marine (2008-02-28 Closing Price $1.18)
Share price has fallen >40% from $1.94 to $1.14 . Recent recovery struggled along 23.6% retracement level while today's closing produced a mixed signal:
- bullish harami candlestick pattern
- bearish MacD signal cross while staying negative
Could this be the next target of
Dead Cat Bounce? I view the bearish signal produced from MacD having a greater impact, share price eventually is likely to break below recent low of $1.14