ASO - beginning to break out

In September we took a look at the setup forming with ASO and knew that this would take some time to play out.

https://www.tradingview.com/chart/ASO/K3FzM351-ASO-excellent-trend-and-set-up/

This week we have our first candle body above the the secondary downtrend and looking to reclaim the the primary uptrend. We also have a recent positive MACD crossover. Looking at the proportional range of movement similar to the last breakout implies a move to the top of the channel. This would likely take months to reach and currently exceeds analyst consensus 12 month targets.

I'd like to see a retest ~51 for any final accumulation and then will begin taking profit between ~59 and 64. Note that there is an overhead gap at 64 that may trigger a reversal in the future. It's also worth noting that small caps historically start to outperform the larger indices by mid December.