ASX:AXE Archer Materials Limited is a materials technology company developing materials in quantum computing, biotechnology, and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique materials inventory, and access to over $300 million of technology development infrastructure.
After a great announcement this morning titled "Chip build fast-tracked with qubit modelling" in which advancements have been made in their quest to build quantum technology that will be integrated eventually into existing electronic platforms, some would say that having a signed partnership with IBM is also very advantageous. We have seen a bullish move within the Daily Ascending Triangle but due to the markets unpredictability we play Bull and Bear and here are the scenarios below.
Bullish:
Daily Ascending Triangle continuing to be respected
Re claimed the 20MA
Bullish Rejection out of the Ichimoku Cloud
MACD anticipated bullish cross
Stochastic approaching the 50 with anticipated cross
Bullish break inside Ascending Triangle hunting 25% Internal Target 1 if respected.
IF Ascending Triangle Completes and Major news is released, Fractal Targets 1&2 are as displayed. Keep in mind Major Resistance needs to be broken and I'd wait for confirmation of direction around the Internal Target 1 zone.
Bearish:
Fail Ascending Triangle would see us test previous Equilibrium then potentially Previous Support
Stochastic would fail the 50 and reverse
MACD would turn Bearish and spread
Break the Ichimoku Cloud similar to July break
Forming Large Scale Bullflag identified by Green Rotated Rectangle needing another touch which would GAP Fill 08/05-11/05
Definitely a company to add to your watchlist. IMO DYOR
DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
After a great announcement this morning titled "Chip build fast-tracked with qubit modelling" in which advancements have been made in their quest to build quantum technology that will be integrated eventually into existing electronic platforms, some would say that having a signed partnership with IBM is also very advantageous. We have seen a bullish move within the Daily Ascending Triangle but due to the markets unpredictability we play Bull and Bear and here are the scenarios below.
Bullish:
Daily Ascending Triangle continuing to be respected
Re claimed the 20MA
Bullish Rejection out of the Ichimoku Cloud
MACD anticipated bullish cross
Stochastic approaching the 50 with anticipated cross
Bullish break inside Ascending Triangle hunting 25% Internal Target 1 if respected.
IF Ascending Triangle Completes and Major news is released, Fractal Targets 1&2 are as displayed. Keep in mind Major Resistance needs to be broken and I'd wait for confirmation of direction around the Internal Target 1 zone.
Bearish:
Fail Ascending Triangle would see us test previous Equilibrium then potentially Previous Support
Stochastic would fail the 50 and reverse
MACD would turn Bearish and spread
Break the Ichimoku Cloud similar to July break
Forming Large Scale Bullflag identified by Green Rotated Rectangle needing another touch which would GAP Fill 08/05-11/05
Definitely a company to add to your watchlist. IMO DYOR
DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.