AXE 2.56% 38.0¢ archer materials limited

CHART, page-157

  1. 332 Posts.
    lightbulb Created with Sketch. 561
    @StockforProfit definitely looks like a small break out of the forming wedge you presented, just don't see the volume yet. Bulls are ready and waiting, could see a retest of the $2.20s gradually again based on volume as selling are drying up

    the wedge and price action analysis;
    first low was at $1.383
    second low was at $1.556
    third low was $1.678
    The Price Lower lows are turning into higher lows gradually so up

    RSI analysis;
    bounced twice on the RSI at 50 on the daily
    shows slight divergence but not much meaning it is showing the price to level out and go into a range trading trend

    MACd analysis;
    shows initial downtrend but
    the daily lows are also equal more than the RSI
    so signifying a range trend

    So all in all it signifies that all things being equal with no patents for now or any new Tom's gibberish; the price is simply going to consolidate until a spark.

    and don't we all wish for the Phoenix to rise after the US patents news ... mid September
 
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Last
38.0¢
Change
-0.010(2.56%)
Mkt cap ! $96.84M
Open High Low Value Volume
39.0¢ 40.0¢ 37.0¢ $231.3K 600.7K

Buyers (Bids)

No. Vol. Price($)
2 19905 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.5¢ 44600 1
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
AXE (ASX) Chart
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