AJX 0.00% 1.2¢ alexium international group limited

"We are on growth trajectory for an end of year ramp-up and are...

  1. 209 Posts.
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    "We are on growth trajectory for an end of year ramp-up and are confident in our goals for calendar year 2016" - Last announcement.

    The tent supplier agreeing to an expected life production cycle of 7 years with Alexium gives me confidence. That's quite a commitment.

    The price dip is due to bot action. Whilst buyers await on the sidelines for the quarterly IMO. Chart also doesn't look great which helps the bears as we're in a down swing.

    Slow stoch shows we're a few days from an upswing. That with the 4C would be a good catalyst to get the price moving again.

    I remember 70c last year was a strong level of resistance so no surprise people are waiting for buying to pick up momentum before jumping onboard.

    So far nothing but good news. I see no reason to panic.
    All my opinion of course. Good luck.
 
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