AXE is being 'caned' like a lot of the "graphiter's" from their lofty heights of late last week as one would have expected(profit-takers in addition to the general market jitters). However, the immediate question is whether we have reached a good level to re-enter or would this be pre-mature?
The Hourly Chart below does indicate that today's low at 32c was one possible good low risk entry level basis the confluences of numerous T/A tools indicating support there. Now, because of the short-term timeframe we should be able to establish relatively quickly(within a day or two) if AXE has found a good support level near here OR we have to get down towards 27.5c 1st or even lower towards 24c/22.5c before significant support possibly comes in.
For me, my 1st 1/3 re-entry exposure comes in here.
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AXE is being 'caned' like a lot of the "graphiter's" from their...
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.71M |
Open | High | Low | Value | Volume |
24.5¢ | 26.0¢ | 24.5¢ | $78.79K | 310.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 101430 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 1926 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 101430 | 0.250 |
2 | 5981 | 0.245 |
3 | 38387 | 0.240 |
3 | 42276 | 0.235 |
5 | 129047 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 1926 | 1 |
0.265 | 20448 | 3 |
0.270 | 22000 | 2 |
0.275 | 2000 | 1 |
0.280 | 96791 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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AXE (ASX) Chart |