Well hasn’t this offered up some gifts over the past couple of days….
After bouncing off about $1.18 recently, it broke out above $1.40 to confirm the W double bottom.
This gave an indicative price target of $1.62, ie 22c above $1.40, coinciding nicely w the 23.6 fib.
Put a spec sell up at that price and was pretty amazed to see it get taken out yesterday. Hungry bulls.
Fair to say that price/fib was rejected pretty strongly today. This is a dollar stock that has run 40c on no news in a month, so we shouldn’t be surprised by the profit taking today.
Wicked down to $1.50 for a second and closed above within a whisker of the 38.2 @$1.535. I jumped back in @ $1.52. My only concern is we could be seen to not have made a new high above $1.765. On balance i expect some positive news out of the AGM and buyers still strongly outnumber sellers. See how it plays out.
AX1 Chart thread, page-51
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Last
$2.44 |
Change
-0.020(0.81%) |
Mkt cap ! $1.381B | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.47 | $2.39 | $2.875M | 1.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2738 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 17900 | 5 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |