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melastcracker

2,080 Posts.

29/05/17

23:08

Post #: 24979548
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Originally posted by ARMCH ↑

Banks and resources took a bit of a pasting today, must be increasingly challenging for some who haven't seen this sort of pressure on the banks for quite a while.

Alexium had a combo of the soft market, low volume and a few hits earlier in the day. However later in the day the buyers came back and it was close to a draw in the end. Overall about 500K on both exchanges on a Monday so it wasn't too bad really. I get the feeling in recent trading days that we have some canny buying appearing in the afternoons as someone or other seems to be hoovering up some loose supply on a regular basis.

The 55 cent level seems to be the focus at the moment. The chart shows a lot of activity around 55 cents which was support back in March but flipped to resistance leading into the 4C and still looks like resistance with the false break today.

Both 20 and 50 day MA's have been breached to the upside - good sign and hopefully the market gets its mojo back asap with the XAO and XJO approaching the March 22 lows. Howeversome tax loss selling might just get in the way.

Daily COB May 29th
View attachment 594570

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Hopefully this buying can keep up if there is a bit of "tax loss selling", it's certainly a good time of the year to get a bargain if you have the kahoonas and if your buying and it falls at this time anyway all the better.

AJX Price at posting: 54.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $15.62M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$16.24K	1.561M

Buyers (Bids)

No.	Vol.	Price($)
7	7392398	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	2000	1

View Market Depth

No.	Vol.	Price($)
7	7392398	0.010
2	200099	0.009
3	372600	0.008
1	200000	0.007
2	1000032	0.006

Price($)	Vol.	No.
0.011	2000	1
0.012	257487	5
0.013	496009	6
0.014	363311	2
0.015	1001200	2

Last trade - 16.10pm 19/06/2024 (20 minute delay)

AJX (ASX) Chart

TA discussion, page-5090

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TA discussion, page-5090

Top Stories

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

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Featured News

Buyers (Bids)

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