@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
AXE Price at posting:
$1.82 Sentiment: Hold Disclosure: Held
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