Amazing week. Money for jam on 2-3 occasions if you traded w conviction and a splash of common sense. Our W double bottom break out from $1.40 seems to have turned into a double top cup at $1.75/76. Yesterday arvos squeeze on the 5 day, broke late to the upside. This only added to the momentum of today’s updates first thing. Didn’t breach the prior high so we await the handle retrace. If this is indeed a C&H pattern, our target price is circa $2.36
Todays close sat above the 23.6 but below the $1.765 recent high. Retrace of the handle should line up around the 38.2 @ $1.53/54 ish. Our first target post handle breakout is the 23.6 extension at $1.90/91.
Let’s see how it plays out but this stock loves its fibs and chart patterns.
AX1 Price at posting:
$1.68 Sentiment: Buy Disclosure: Not Held
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