TA discussion, page-5403

A different view - this is a log chart which is more realistic over the long term,  particularly when the price range has a significant change over the period as has been the case with Alexium since it broke out in August 2014. So using the logarithmic Y axis we have a clear long term falling triangle as the significant pattern. Visibly it is taking time to recover from the way over cooked year of the big breakout in 2014/2015.

You can draw your own conclusions but it looks to me like we have to crack the 60 cent area in the coming month or two as a starting point of a real upside breakout. This has some synergy with the improving fundamentals time wise.

For me the latest 4C has signalled that the business is viable - it has a revenue base and has cost control to the point that it is self supporting or very close to it now. This is an important milestone which the short term holders haven't grasped and the bots aren't inerested anyway, they just feed on volatilty and mostly don't care about the SP trajectory as long thay can continue to exert some control over intra and inter day prices.

Have a look at the cash flow from some of the other smaller cap and better performing SP wise disruptives and  resources. They are years away from meaningful cash flow and can't hold a candle to where Alexium is now. Someone with deep pockets will wake up to that soon enough.

If the heavies, who are good at sniffing out the wounded companies, were convinced that Alexium was fundamentally unsound they would be short selling and they aren't, in fact short interest as low as it has been is falling.  Chins up the situation isn't bad and Alexium has some good fundamental runs on the board despite the noise and the reaction to the 4C.

Weekly Logarithmic