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2.5¢ axiom mining limited

AVQ Chart, page-2

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Redpapa

1,516 Posts.

22

01/07/16

12:10

Post #: 18169924
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Originally posted by Redpapa ↑

A bit of technical analysis:
Recently broke a key Fibo level at 20.5c when looking at the 5y past activity
Next Fibo level is 27.5c
Positive momentum at the moment
Given the recent positive days it has posted, its too early to see confirmation that a positive bid tone have been set. Will need a few more days (even if it stays at these levels) for it to be confirmed
Break below 19.5c will suck out a lot of this recent steam that has been created
Volume traded yesterday was second highest day over the last 12 months, but hasn’t been able to get anywhere near the size today

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This is consolidating
A break (or better yet, close below 18c) is not good for short term activity and should give up most recent gains
All other technical levels as per above
Moving averages starting to confirm the positive uptrend. It will need another day or two to completely confirm it though

AVQ Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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