Wizard of Windsor (@wizardofwindsor): "ASA International ASAI.L seems to be rerating as described in last week’s post. The SP has broken out of the wedge pattern in the chart below, and is now knocking on the door of resistance at 231p After that, we need to look for a breakout above 236p and then 248p after that. …"

ASA International ASAI.L seems to be rerating as described in last week’s post.

The SP has broken out of the wedge pattern in the chart below, and is now knocking on the door of resistance at 231p

After that, we need to look for a breakout above 236p and then 248p after that.

Both of these price targets seem eminently achievable.

Inclusion in the FTSE All Share Index may then see a run up towards the £3 mark.

It will still be seriously undervalued even then. Stay magical, Wizards!

ASA International is a cashflow juggernaut in high gear CAGR economies

Jun 17

7:29 AM