AXM 0.00% 1.1¢ apex minerals nl

Ann: Trading Halt , page-22

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  1. 1,766 Posts.
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    I dont hold AXM, but I follow this stock- made some comments previously on Ashleys known credentials in his field- which is actually outstanding.

    I cant help but comment when I see emotional comments like that.. Zlato, have you had a look at the charts? The 27 day MA (moving average) price for AXM is actually 24.5c. Short term averages actually show an upward bias. the current SP is 'not' inflated... from a technical viewpoint.

    There was only the short term dip late april, when the SP was actually quite 'deflated' if you wanna use those terms. The market quickly corrected that- hindsight tells that was nothing but a good buying opportunity.

    The cap raising price will be important, but its important to note that AXMs SP is and has been averaging 25-24.5 and current SP is spot on. Good luck holders.
 
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