STTCOMP AXE TA LONGAXE - Archer Materials LtdTechnology -...

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    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.

    https://hotcopper.com.au/data/attachments/6193/6193829-e6619562c1aa1153e252b4bcfc48ae5d.jpg

    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.

    https://hotcopper.com.au/data/attachments/6193/6193834-8ed2632aa771ec3904bb88469afc6146.jpg
 
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