Alexium is in no mans land for the this few week period peading into the final late this month and holding the line was/is a day by day proposition. The markets were spooked yesterday and anyone who understands market structures and risk will know that the resulting price moves will be exaggerated within the smaller caps.
There was nothing to be surprised about with the outcome yesterday and I respectfully suggest that about 90% of the resulting commentary should be ignored. The day ended with a long lower tailed candle on solid volume which demonstrated that a lot of people were happily hoovering up the cheap stocks on offer. If this points to a subsequent recovery as is possible then all that will have happened is that it was a false break.
At this point the big picture hasn't changed.....
AJX Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
