AXE T/A

Not sure if everyone here has already seen a chart and a  technical analysis on AXE,but just thought id share anyways.

We have broken through the down trend that commenced in 2012 (broke out from that early July 2014).That on its own is extremely bullish,but know our short term goals are to get through the 19.5c resistance witch we have achieved,we then had a crack at the 23c resistance witch we failed to do (reason being lack of volume).We have know retraced back to our old resistance level of 19.5c (our closing sp for today),we will know see if our old resistance is going to be our new support line.If we fall through that support line tomorrow or in the coming day's I believe we could end up going as low as 15c.But on the positive side if we build some momentum and get volume behind us heading back up to 23c to 25c levels and break that then 40c will come into play in the short term.