AO
AXA is osmething I have never looked at before but it is quite interesting at this price.
I have said that the 2006 lows are the obvious price targets.
AXA had a low around 5.30 then and a similar price today.
A 38.2% total retracement is about 5.13.
A 50% pullback of the range up is about 5.10.
Other numbers could always come into play but I would suggest that 5.10 - 5.30 is a great price target for a low.
Long term momentum does allow for some modest downside, and no TA will stop any thing if it is determined.
This seems to be a stock with some history, and those that don't are hard to analyse.
I have sure made some bad calls in my time but if I was interested in AXA and I don't trade individual stocks these days, I sure would be tempted to do some buying at these levels.
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