something to think about for monday, page-109

AO

AXA is osmething I have never looked at before but it is quite interesting at this price.

I have said that the 2006 lows are the obvious price targets.

AXA had a low around 5.30 then and a similar price today.

A 38.2% total retracement is about 5.13.

A 50% pullback of the range up is about 5.10.

Other numbers could always come into play but I would suggest that 5.10 - 5.30 is a great price target for a low.

Long term momentum does allow for some modest downside, and no TA will stop any thing if it is determined.

This seems to be a stock with some history, and those that don't are hard to analyse.

I have sure made some bad calls in my time but if I was interested in AXA and I don't trade individual stocks these days, I sure would be tempted to do some buying at these levels.