AXE 3.37% 43.0¢ archer materials limited

AXE breaking out from a 34 week Symmetrical Triangle (after a...

  1. YLJ
    819 Posts.
    lightbulb Created with Sketch. 870
    https://hotcopper.com.au/data/attachments/2823/2823904-a2f3b10d2c26c9ff23f52cee23854762.jpg
    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
    Last edited by YLJ: 20/01/21
 
watchlist Created with Sketch. Add AXE (ASX) to my watchlist
(20min delay)
Last
43.0¢
Change
-0.015(3.37%)
Mkt cap ! $109.5M
Open High Low Value Volume
44.5¢ 45.5¢ 43.0¢ $136.7K 312.0K

Buyers (Bids)

No. Vol. Price($)
9 39975 43.0¢
 

Sellers (Offers)

Price($) Vol. No.
44.5¢ 10000 1
View Market Depth
Last trade - 16.10pm 14/05/2024 (20 minute delay) ?
Last
44.0¢
  Change
-0.015 ( 2.18 %)
Open High Low Volume
44.5¢ 45.0¢ 43.0¢ 92791
Last updated 15.56pm 14/05/2024 ?
AXE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.