AJX 9.09% 1.0¢ alexium international group limited

AJX Charting, page-157

  1. 1,909 Posts.
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    Mak,
    Bound to be some breakout trading going on so I would imagine a pullback is on the cards as some short term profit taking kicks in, maybe in a few days if the the SP continues to climb.

    The next area of resistance is around 75-76 cents which also aligns with the Fib 38.2% level. Fib levels have aligned with the major support and resistance areas for AJX pretty closely. The 75-76 cent level has resistance history in the March-April timeframe this year and January-April timeframe last year whilst providing support in December last year too.

    Weekly at 12:00
    AJX_Weekly.png
    Last edited by ARMCH: 25/05/16
 
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