
After the March 2009 bottom, ASB has formed a 'Cup with Handle' reversal pattern. It put on 2 sens today to close at 20.5 sens with a volume of 52 millions shares traded. It has a very strong OBV, signaling strong accumulation.

In the last 34 months it has been forming a 'Cup-with-Handle' bullish pattern and finally it has its price breakout today with very high volume of 52 millions shares. It is currently on sub-wave iii of wave 3.
Its half year result ending 30 June 2010, earning per share is 0.83 sen and net assets per share is 97.5 sens
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