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 breaking out from a 34 week Symmetrical Triangle (after a...
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Last
29.0¢ |
Change
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Mkt cap ! $73.90M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
| 3 | 13722 | 28.5¢ |
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|---|---|---|
| 29.0¢ | 43564 | 2 |
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| Last trade - 13.29pm 23/07/2025 (20 minute delay) ? |
| AXE (ASX) Chart |