AXE breaking out from a 34 week Symmetrical Triangle (after a false move a few days ago).
Coincides with a 61-day Rectangle breakout. Needs to clear the midpoint of the Triangle (0.67)
for confirmation, though I would not expect that today. I am long with as stop @ 0.505 and a
measured target of circa 0.9
Not generally a fan of Symmetrical Triangles but with the Rectangle overlap I was willing to give
this one a shot.
My sentiment hold, as it has popped quite hard since my entry and risk/reward metrics have
changed somewhat. Still pretty decent IMHO, but I prefer to keep my sentiment in line with
what I actually do myself. Has run hard today (note the gap as well) and a slight pullback could
possibly provide a better entry...
GLTA
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Last
33.5¢ |
Change
0.055(19.6%) |
Mkt cap ! $79.00M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 33.5¢ | 28.5¢ | $244.4K | 787.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 38347 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 40357 | 4 |
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| Last trade - 13.33pm 13/08/2025 (20 minute delay) ? |
| AXE (ASX) Chart |