ASHM sharp dip then instant recovery on big volume.Ashmore Group plcLSE_DLY:ASHMStockso_SimpleA nice looking bowl pattern forming here, price action has been very slowly tracking upwards. Interestingly, when I added a note on the chart last Friday it looked very much like a tree shake. A large downward lurch in price, only to retrace on really strong volume, right before today’s earnings. Is it a coincidence the results were so positive? Assets under management up 13%. Gross subscriptions rose 92% and redemptions dropped 20%. Pre-tax profit increased 17% to £126.9m. Price opened lower at 197, then rallied to close around 12% higher on the day, even though it only shows as a 1% move on TradingView, since that’s measured against Friday’s close rather than today’s open. Either way, it just goes to show how insiders have been building positions ahead of results. They can try a few tricks with pricing, but they can’t hide the volume. These anomalies are our opportunities.