STTCOMP AXE TA LONG
AXE - Archer Materials Ltd
Technology - Semiconductors devices, processor chips and medical diagnostics
Market cap: $112M
Last price: 44c
AXE is in a pyramid like pattern. The share price had retraced past the 61.8% line. There is a possible breakout of this pattern over the last few trading days.
The pattern also looks similar to a current sequence on ASN. This is where a pyramid pattern occurs followed by a 100% fibonacci extension. If this occurs on SYA then the share price could go to 72.5c over the next month.
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- Short Term Trading Week Starting: 20 May
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