XJO 0.46% 7,953.1 s&p/asx 200

something to think about for monday, page-109

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    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.

 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.