Since June 16th, one or more sellers have hit AXO almost every...

Since June 16th, one or more sellers have hit AXO almost every time it opened higher than the previous close.

During this period,
51 days closed lower than the open (down day).
26 days closed higher than the open.

More often than not, this type of price action is only seen in a strong downtrend, but AXO clearly has not been falling but has been going sideways.

Generally this happens for 1 of 2 reaons,
1. A large buyer is patiently building a position and is happy to sell enough to spook the market, then they buy back at prices lower than the open.
2. A large seller is quitting their position, and sells if there is strength on the open. This is not uncommon. Rather than cause the price to fall, some institutions don't mind if it takes months to exit their position.

Either way, for months AXO has been stuck between 0.28c and 0.35c. The fundamentals seem sound, so I'll be looking to buy as soon as we get above 0.35c .... the upside could be explosive.

Cheers

ST