Well what a nice month for the sp Consistent rises and now looking at having another crack at the 38.2, circa $1.52. Hasn’t done that for 2 months. Couldn’t sustain that yesterday. Was it the day to sell? I don’t think so. Short term we are in the lower half of the Bollies on the 5 day, whilst retreating inside the upper line on the 12 month daily late yesterday. Plenty of short term scope to have another crack at sustaining that $1.52 imo. Selling pressure is melting away as buyers step up and it seems we may be set for a nice run into the end of the year. That $1.40 was a bit of a hurdle but the sp seems to have gotten over itself there. If we can knock that $1.52 off, we are looking at circa $1.62 before a crack at a near term high beyond $1.765. Could be a reasonable target into the end of the year
AX1 Price at posting:
$1.48 Sentiment: Buy Disclosure: Held
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