AXE is being 'caned' like a lot of the "graphiter's" from their lofty heights of late last week as one would have expected(profit-takers in addition to the general market jitters). However, the immediate question is whether we have reached a good level to re-enter or would this be pre-mature?
The Hourly Chart below does indicate that today's low at 32c was one possible good low risk entry level basis the confluences of numerous T/A tools indicating support there. Now, because of the short-term timeframe we should be able to establish relatively quickly(within a day or two) if AXE has found a good support level near here OR we have to get down towards 27.5c 1st or even lower towards 24c/22.5c before significant support possibly comes in.
For me, my 1st 1/3 re-entry exposure comes in here.
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chart, page-13
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $68.80M |
Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 27.0¢ | $26.10K | 95.50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 168090 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 32625 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 168090 | 0.270 |
6 | 88333 | 0.265 |
10 | 134633 | 0.260 |
1 | 14000 | 0.255 |
12 | 117237 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 32625 | 1 |
0.280 | 3769 | 1 |
0.285 | 17558 | 1 |
0.290 | 10000 | 1 |
0.295 | 55527 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
AXE (ASX) Chart |