TA on AXTI Michael. Watch these charts for signs that the stock will move quickly from oversold to over bought. The first chart is a 6 month daily chart:
stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
A rise above 97 cents could have the stock price above the upper Bollinger Band in short order. If the stock's RSI rises above 70 at the same time it may need to consolidate a bit before moving any higher.
Consulting weekly and monthly charts on the stock might help to make it clear that if we do get an economic recovery AXTI could be a real winner:
stockcharts.com[h,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
stockcharts.com[h,a]maclyyay[d19960101,20030307][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
Glad to see AXTI moving up for you Michael. I guess I should have grabbed some the other day at 70 cents.
RtS |
