TA discussion, page-5708

A bit of a role reversal for the SP - the down by the elevator and up by the staircase argument was reversed for a change. From the 50 cent close following the 4C on July 26th it took about 23 days to hit the bottom close at 38 cents last Monday August 28th and just 4 days since to get back up to the same point.  August isn't my favourite month - it wasn't all that great in 2016 either. Anyway depending upon how September pans out, August looks like a false break from a monthly perspective for Alexium.

It seems that there has been some money flowing into some of the smaller caps recently. I think the banking tribulations and Telstra's ignoble splutter might have freed up some funds now looking for a new home, hope so. Compare the ASX20 (XTL) and ASX200 (XJO) indices with the Small Ords (XSO) and Emerging Companies Index (XEC) since mid August for example and it is obvious that there has been a dramatic reversal of fortunes. I suspect this accounts to some extent for the renewed interest in AJX too.

Monthly COB Friday September 1st - shifted support back to 47 cents.