Hodgo

$AXE review - powerplay

Long
ASX:AXE   ARCHER MATERIALS LIMITED
I 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.

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