AX1 accent group limited

TA - The signals from the volume as you have noted and the...

  1. 243 Posts.
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    TA - The signals from the volume as you have noted and the closing price comparative to high and low is suggesting a bullish reversal is on the way (although a weak signal). As I noted in my post yesterday the next level of support is likely to be $2.34 based on the hitting the138% on the Fibonacci retracement so todays close is in that region. My guess is tomorrow will see a close around this support level and maybe even Thursday with the results hopefully boosting it upwards after that. Fingers crossed!! If support is not held tomorrow then would expect a fall perhaps to around $2.16 - $2.18 before or after the results which is the next real support level based on the P&F charts I refer to.
    On another note I received advice later today with a revised valuation setting fair value at $4.19 based on a DCF assessment by 2 analysts.

    Lets hope this is the bottom and we can see a recovery commence. Still one of the strongest growth stocks on our market so patience is a virtue! If I had some spare cash now I would be thinking about a top up right now.


 
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(20min delay)
Last
$1.37
Change
0.015(1.11%)
Mkt cap ! $820.6M
Open High Low Value Volume
$1.35 $1.39 $1.33 $7.673M 5.645M

Buyers (Bids)

No. Vol. Price($)
3 13344 $1.36
 

Sellers (Offers)

Price($) Vol. No.
$1.38 29051 2
View Market Depth
Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
AX1 (ASX) Chart
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