dennismerdan

AXTI - Nice looking chart that can continue up

Long
dennismerdan Updated   
NASDAQ:AXTI   AXT Inc
AXTI has built a good bottom and is looking like it can continue up. It is currently trading above both the 50 MA and 21 EMA on the daily chart . Support should be around 4.65 and resistance around 5.10-5.15. A good entry point would be either close to support or break of the resistance with a stop right under the support. Break of the MA would change my view of this chart.
Comment:
Broke my initial support levels. However, had a strong day yesterday. Wait until after earnings to see if it will continue up or down.
Trade closed: target reached:
got lucky with this uptick today.

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