AJX 0.00% 1.0¢ alexium international group limited

AJX Chart, page-83

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    Looking at the period of relatively sideways consolidation I'm guessing we could see a rather quick measured move back into the 83-85c range, previously support but now a potential area of resistance. That should be enough to trigger an upturn in the 200 day SMA. I didn't really understand, on fundamentals, why it fell to 65c so there is no reason why it can't just rally back to 83c in the next day or so especially if a bullish report is in the offing. It drifted down on low volume, so a gap back up on higher volume is reasonable.
 
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