You know Australia stock market is a pretty bad.
Only 154 Buys out of 2027 Aussie stocks.
Today's stockpick is Axsesstoday (ASX:AXL)
Let's see some previous history data by VectorVest:
28-Mar-18 RT: 1.46
27-Mar-18 RT: 1.46
26-Mar-18 RT: 1.46
AXL -3.45% .AX has a current Value of $4.14 per share estimated by VectorVest, which is undervalued compared to its Price of $2.39 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
Although the RT 0.88% values are pretty flat, we still see some strong demanding by technical analysis .
If you have VectorVest ready, go to Midas Touch graph. We need only 3 lines:
MA Stop (10), MA Stop (65), and MA RT 0.88% (40). Don't forget to set the timeframe into 3 months only.
Well, I know you are happy to see that graph.
Today it gained 14.35% and break the black resistance trend line . What a strong uplift !! Yeah !
We recommend to BUY and short term goal to reach $2.70 where it found a stronger resistance trend line .
Stop loss as suggested by VectorVest is $2.04, but our technical analysis stop loss is 1.95 (slightly under demand zone ) and MA (40).
Ichimoku traders can buy and hold as the tenkan-sen & kijun-sen just crossovered.
