Price sits 22% above the rising 50-SMA (7.59) and fractionally above the 200-SMA (9.22), confirming a strong short-term uptrend now colliding with the dominant long-term mean. RSI at 67.2 is constructive but within a few points of overbought, indicating limited slack before mean-reversion risk rises. MACD's positive spread (0.44 vs 0.29) supports continuation, yet the 200-SMA has historically acted as resistance and needs to be defended on a closing basis to validate the breakout. Net read: momentum favors longs, but the 9.20–9.26 shelf is the pivot that must hold.
Sunday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $FSLR, $RKLB, $SPY, $ETOR, $COST, $QCOM.
5 of 5 plays
ASAN is testing its 200-SMA at 9.22 from below with price at 9.26 (just 0.43% above), marking a classic long-term trend inflection where a confirmed reclaim could flip the multi-quarter regime. Momentum is aligned — MACD 0.44 over signal 0.29 and RSI 67.2 — but proximity to the 200-SMA and near-overbought readings argue for disciplined execution rather than chasing.
EntryPreferred: pullback entry into 8.90–9.10 with reclaim confirmation. Alternate: breakout trigger on a daily close above 9.40 to confirm 200-SMA acceptance.
Targets9.85 — first extension above the 200-SMA reclaim zone → 10.60 — measured-move objective as trend continuation confirms
StopDaily close below 8.75 invalidates the reclaim thesis, putting price back beneath the 200-SMA (9.22) with momentum rolling — signals a return to the 7.59–8.75 range and negates the long bias.
Educational only. Not financial advice.