Price at 9.23 sits just 0.40% above the 200-SMA, with the 50-SMA (7.64) well below and rising — a bullish structural alignment. RSI at 66.69 signals strong momentum but is approaching overbought, warranting discipline on entries. MACD at 0.48 above signal 0.33 confirms momentum expansion, though the tight distance to the 200-SMA means this level must hold to validate the breakout thesis.
Monday 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, $NOW, $HIMS, $GOOGL, $SPY, $NVDA.
5 of 5 plays
ASAN is reclaiming its 200-day SMA (9.19) from below after a strong advance off the 50-day at 7.64, placing price at an inflection where a confirmed breakout could flip the long-term trend from resistance to support.
EntryPreferred entry on a pullback into 9.00–9.19 (retest of the 200-SMA as support), or on a momentum add above 9.40 with RSI holding >60.
Targets10.20 (measured extension from 50-SMA base) → 11.00 (prior structural resistance zone)
StopInvalidation on a daily close below 8.90; losing the 200-SMA reclaim would signal a failed breakout and revert bias to range-bound.
Educational only. Not financial advice.