AX1 2.78% $2.22 accent group limited

This is getting worrying, page-29

  1. 230 Posts.
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    TA - The signals from the volume as you have noted and the closing price comparative to high and low is suggesting a bullish reversal is on the way (although a weak signal). As I noted in my post yesterday the next level of support is likely to be $2.34 based on the hitting the138% on the Fibonacci retracement so todays close is in that region. My guess is tomorrow will see a close around this support level and maybe even Thursday with the results hopefully boosting it upwards after that. Fingers crossed!! If support is not held tomorrow then would expect a fall perhaps to around $2.16 - $2.18 before or after the results which is the next real support level based on the P&F charts I refer to.
    On another note I received advice later today with a revised valuation setting fair value at $4.19 based on a DCF assessment by 2 analysts.

    Lets hope this is the bottom and we can see a recovery commence. Still one of the strongest growth stocks on our market so patience is a virtue! If I had some spare cash now I would be thinking about a top up right now.


 
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Last
$2.22
Change
0.060(2.78%)
Mkt cap ! $1.249B
Open High Low Value Volume
$2.14 $2.25 $2.11 $7.490M 3.419M

Buyers (Bids)

No. Vol. Price($)
1 379 $2.22
 

Sellers (Offers)

Price($) Vol. No.
$2.23 5780 2
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
AX1 (ASX) Chart
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