The breakout went south rather then north - it was surprising that the 50 cent level was breached. It looked to be well supported leading into this week but the 4C put paid to that. The 50 cent level is history for the moment but need to wait for the Friday close to get the final picture.
In the meantime the 46.5 cent low from early September is in the frame. It doesn't look to be seriously under threat but in this market with small caps struggling who knows. It would be a good outcome to get a 50 cent close for the week which would in turn consign the break this week to a false break and begin the process of rebuilding support. Too early to tell right now.
Weekly intraday snapshot at 48.5 cents
AJX Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
