AJX bounced yesterday off the 50% retracement to a tee. Whether it will be a dead cat, or the start of a counter will soon be revealed. The volume traded did catch my eye as well, which was around
4 million, twice the 21dayMA. Interestingly it closed at 51.5c against a VWAP of 48.095c. Will be watching to see if they push it down again for another go into the mid 40s, and if it holds again, may be worth a look at for those inclined. Daily chart below.
Cheers
GF
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