BreakoutI believe this stock done a beautiful breakout at 0.41 so plenty of time to enter the market for a good return. Please leave your idea for me. Thanks everyone for reading
AAArcher Materials Limited
0.270AUDD
0.0000.00%
At close at Sep 5, 06:10 GMT
AUD
No trades
AXE trade ideas
$AXE on the ASX - Falling wedge breakoutFalling wedge breakout on $AXE looks to be a reversal in the current market conditions. Still a somewhat conservative target for short-medium term trade given macro environment, however, I believe this is a great entry point for a long term investment for those who believe in the quantum processing/computing space.
Archer have recently had a patent on a qubit processor in Australia and a number of other countries, can look very promising for long hold if this reversal falls through
Could play this trade or sit on the stock for 5+ years for multiples
$AXE review - powerplayI didn't realise until tonight, this is a great example of a powerplay. See Mark Minervinis stuff for more info on what the basic rules are.
AXE came out of a Slightly weird base, but lifts 100%, then bases for a couple of weeks, less than 20% pullback, before a powerful breakout.
I was too close to it to realise until now. But worth looking for these power play setups, because they offer very good rewards if you're sharp enough to catch them.
$AXE A great week post Bear market Monday flush10% pullback and then closing out the week at all time highs. Usually not an indication of tops. Expecting a $B next to this market cap at some stage.
Patents imminent for a room temperature 12CQ quantum computing qubit processor chip.
Notice of Allowance issued.
$AXE if they release, say a Nth American patent approval....In Monopoly terms, if they recieve US patent in the next few weeks, then I think its collect $2.00. thats not Ma and Pa buying. Time will tell and sentiment has been a bitch in this market. I seriously think this, IF it continues on the trajectory should be a $1B stock. minimium.
AXE looking to continue its BULLISH trend all the way to its ATHAs you can see over the past few weeks we have seen AXE follow this channel with only 1 touch to its support. There is still a moderate amount of buying volume entering the market and we are looking to close in on its supports 2nd touch. This interaction "may" see AXE try to achieve its all time highs by the mid to late week on the back of FOMO and extra disposable income due to the 2020/2021 EOFY tax returns.
Buy order: $1.000-$1.010.
Stop loss: $0.920 (-8.46%)
Take profit ranges: $1.100 (+9.45%) / $1.200 (+19.43%) / $1.250 (+24.35%) / $1.335 (+32.89%)
Not financial advice. Be safe and good luck!
$AXE seeking those skewed risk reward scenarios. Massive risk around whether these guys can achieve a qubit that is able to be commercialised But they taking a very good swing at it.
Trendline support has been evident and volume is in all the right spots. for a low 70s buy. And then slowly in come the more conservative swingers. Back through 90c and I think they have some very positive updates coming. Lets see... backing Dr C.
$AXE Strengthens biochip manufacturingKey biosensor components of Archer’s lab-on-a-chip device miniaturised to nanosize chip formats, a requirement for successful biochip development.
• Archer team grows, introducing world-class expertise and capabilities spanning
nanotechnology, advanced materials, and molecular biology.
• The Company is utilising over $150 million of sophisticated chip building facilities
in Australia to manufacture its graphene-based biochip technology.
• Lab-on-a-chip devices form part of the multibillion dollar deep-tech economy,
catalysed by the global need for point of care medical diagnostics and testing†,‡.
Swing trade - BUY - AXELooking for a swing trade for a couple of days, I like this stock because it had a pull back, volume bar look good as well and MACD was on my side as well. Furthermore, the market cap is 153m with a 185 million float, so the stock is going to move. Got in at 76.5 cents with 1250 shares a stop lost of 68 cents. Then it was moving towards my favour and I through I will put a trailing stop and of course it hit it. So made a profit of $44, I think swing trading is the way to go for me.
