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
AXE chart
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Last
25.0¢ |
Change
0.020(8.70%) |
Mkt cap ! $63.71M |
Open | High | Low | Value | Volume |
24.0¢ | 26.0¢ | 24.0¢ | $91.25K | 365.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 81271 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 616 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 64605 | 0.240 |
3 | 57793 | 0.230 |
6 | 75690 | 0.220 |
4 | 40953 | 0.215 |
8 | 58775 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 616 | 1 |
0.255 | 30000 | 1 |
0.265 | 29341 | 4 |
0.270 | 33000 | 2 |
0.275 | 70000 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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AXE (ASX) Chart |