davo;From technical analysis:Bollinger BandsAXM.AX has closed...

davo;

From technical analysis:
Bollinger Bands
AXM.AX has closed below the lower band by 1.6%. Although price has broken the lower band and a downside breakout is possible; the most likely direction for AXM.AX is to continue within current trading range. It is unclear right now based on current numbers. 41.2% narrower than normal. The narrow width of the bands suggests low volatility as compared to AXM.AX's normal range. The bands have been in this narrow range for 8 bars. This is a sign that the market may be about to initiate a new trend.


Resistance1: 0.24 Resistance2: 0.28
Support1: 0.17 Support2: 0.14
Pivot Point 0.20

Moving Averages
MA(5): 0.20 MA(20): 0.20
MA(100): 0.25 MA(250): 0.34

MACD
MACD(12,26): -0.01 Signal(12,26,9): -0.01

RSI
RSI(14): 36.97

nj