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2.5¢ axiom mining limited

Oh OK. Lets test that bottom of circa 10 and hope this baby...

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anarchistrabbit

146 Posts.

11

21/04/17

20:59

Post #: 24204474
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Originally posted by wsDK_II ↑

Starting a new thread....

Given our break of support, I'm now looking for a move down to ~$0.105

Currently moving between resistance @ ~$0.195 and support @ ~$0.105

Looking at the supportive volume around the $0.11 area, I would expect that current price action is part accumulation / distribution by different players. I don't think anyone know what is going to happen, however technically I would expect a bounce from the ~$0.105 level back to ~$0.15 in the short term.

There is now heavy resistance @ the ~$0.195 level so will need significant news to breech...but if you do - would provide great support.

Also please note, low volume (relative) for this current move down indicates a lack of supply, but also a lack of support.

From further analysis, I'm of the opinion that there is huge accumulation going on here, and we saw a failed test of the supply with the recent move to $0.17

I'm expecting another shakeout to occur, driving prices to ~$0.10 before another test of the highs (Wyckoff theory)

Look forward to more bearish action over the short term, followed by a huge rally once supply has been exhausted.

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Oh OK. Lets test that bottom of circa 10 and hope this baby lifts off.

AVQ Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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