I give you TSE:ADV / NYSEAMEX:AXX –

30 min

Ran yesterdays lows with higher volume, bounced and now is flagging in continuation pattern. MACD looks to be turning for positive and bullish cross.

Daily

Can’t really call today a hammer, and could see more short term downside.

Weekly

With no weekly gains this would be the second consecutive weekly candle below the Bollinger Bands, which is by no means impossible, but rather improbable. It has not happened while this stock has traded, indeed there are only a handful of single weekly closes outside the Bollinger Bands. The selling volume hasn’t been high, and I am expecting a bounce.

I do not know when exactly this will happen, so I am adding small and many times. This is a personal favourite, I am happy to buy this higher or lower, as well as leaving cash allocated here if needed.

Currently long 1/4 position.

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