Ok as predicted it appears that the "low water mark" was indeed 2.5c. We have now traded above 2.7c and in fact up to 2.9c so far today...which is a strong move and shows just who is in control of this stock a the moment... ie bulls. It would seem that buyers are a little more impatient than I predicted from last post.
Currently we have total buyers outnumbering total sellers 1.8:1 ie 1.8 buyer for every seller. Sooner or later we will see an attempt on the recent high of 3c ... It may be today but I my guess is tomorrow at the earliest... We will need to see a considerable build up of buyers and sellers 2.8 - 2.9c before an attempt on 3.0c happens IMO.
AXM Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
