AJX 0.00% 1.1¢ alexium international group limited

Today best described as catatonic - remove the 200K centrepoint...

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    Today best described as catatonic - remove the 200K centrepoint sales and not a lot left.

    However you can see from the unadorned bar chart that we have a pennant forming with falling volume. I would be tracking this as a potential breakout. Conservative entry point would be a breach of the pennant upper trend line or the aggressive entry point would be a bounce from the pennant lower trend line.

    The rule of thumb for continuation patterns like this is about 60-70% chance that any breakout will be in the direction of the preceding trend, in this case up. So the next few days should be interesting.

    Daily June 9th
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