AXTI saw a massive pump this past week REVERSAL SHORT

AwesomeAvani Updated   
AXTI a penny stock in the semi-conductor supply chain business saw a great price gain this past

week going more than 65% The call options ran 2000% on Friday along. On the 15 minute chart,

I see signs it is in high overbought territory and setup for a reversal. Price fell below the longer

of the two paired Hull Moving Averages which death crossed. The price volume trend indicator

put in a massive bullish trend and then went flatline while the mass index indicator triggered

a reversal. I have closed my call options and opened put contracts costing $130 each. I have

considered that they could do 2000% a few days just as the call options did on Friday.

Fundamentally, I beleive that semi-conductors have a down week ahead, see the idea uploaed

for SOXS.

( If you wonder how i screened for and found AXTI like this idea and drop me a private
Trade active:
AXTI has been resting in consolidation the last half of the last trading session. Holding for more cntinuation next week.
Trade closed: stop reached:
Bad call moving on

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.