ASTI's share price tried unsuccessfully in earlier sessions to stay above the 12c resistance. Today, share price closed at 11c amid weakening technicals. The MACD just completed a bearish crossover in positive territory. RSI is testing support at 50% which suggests weakened buying momentum.
11c is where we find the rising 50dMA. A stronger support would be at 10.5c which is where we find the rising 100dMA which coincides with the uptrend support line. I believe that the fortunes of the semi-con industry would continue to improve and would, therefore, accumulate if ASTI's share price should retest support at 10.5c.
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