AXE archer materials limited

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well said.take incremental growth in SP any day. Generally you...

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colgm

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19/08/21

12:42

Post #: 55413225
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Originally posted by djkencloud: ↑

IMO, it's when you get too many scalp traders concentrating on a stock, things tend to go a bit wonky - and we've just seen that with AXE.

I like above-average solid volume with nice steady SP growth, which we saw from late June to August, rising from 70c to the mid $1. Sure, there are a few traders around, which is totally fine, but lots of buys are going into sticky hands, and there is a nice balance between the sticky hands and the traders.

But when too many scalpers get involved, you get these huge candles with massive wicks on the high side on just insane volume. On those days, I wonder if there are any longs or actual investors buying/selling or if it's just the pip traders pushing the prices up all on their own - selling to each other in some weird piranha feeding frenzy. Then the price gets way too hot, and it has to retrace, and the speculators decide the short side is a better bet and scramble to find stock to borrow.

I'm looking forward to it all calming down a bit and a better balance between longs/traders returning.

Good luck all.

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well said.

take incremental growth in SP any day. Generally you see risk of huge retracements when it runs hot.

when stocks get fashionably hot with some investors there is a bias to irrationality.

if you have a long term view then recent days can equate to further opportunity.

if you been high conviction since sub $1 you can have your cake and eat some more too.

intriguing stock. Still think there are plenty of sunny days ahead for the non greedy.

AXE Price at posting: $2.12 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 23.0¢		Change 0.000(0.00%)		Mkt cap ! $58.61M

Open	High	Low	Value	Volume
22.5¢	24.0¢	22.5¢	$89.25K	387.4K

Buyers (Bids)

No.	Vol.	Price($)
4	104441	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	56023	2

View Market Depth

No.	Vol.	Price($)
4	104441	0.230
8	182195	0.225
11	234057	0.220
7	58193	0.215
8	164657	0.210

Price($)	Vol.	No.
0.235	4141	1
0.240	101099	4
0.245	7000	1
0.250	76000	3
0.255	129000	3

Last trade - 16.10pm 27/06/2025 (20 minute delay)

AXE (ASX) Chart

well said.take incremental growth in SP any day. Generally you...

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well said.take incremental growth in SP any day. Generally you...

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