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...
10% pullback and then closing out the week at all time highs. Usually not an indication of tops. Expecting a $B next to this market cap at some stage.
Patents imminent for a room temperature 12CQ quantum computing qubit processor chip.
Notice of Allowance issued.
In Monopoly terms, if they recieve US patent in the next few weeks, then I think its collect $2.00. thats not Ma and Pa buying. Time will tell and sentiment has been a bitch in this market. I seriously think this, IF it continues on the trajectory should be a $1B stock. minimium.
As you can see over the past few weeks we have seen AXE follow this channel with only 1 touch to its support. There is still a moderate amount of buying volume entering the market and we are looking to close in on its supports 2nd touch. This interaction "may" see AXE try to achieve its all time highs by the mid to late week on the back of FOMO and extra...
$AXE Archer Materials breakout and heading back to $1 after sellers peter out.. usual case of impatient sellers and long-term holders picking up cheap shares in 0.70s. Patents are in and quantum tech going well. $axe.ax
Massive risk around whether these guys can achieve a qubit that is able to be commercialised But they taking a very good swing at it.
Trendline support has been evident and volume is in all the right spots. for a low 70s buy. And then slowly in come the more conservative swingers. Back through 90c and I think they have some very positive updates coming. Lets...
Key biosensor components of Archer’s lab-on-a-chip device miniaturised to nanosize chip formats, a requirement for successful biochip development.
• Archer team grows, introducing world-class expertise and capabilities spanning
nanotechnology, advanced materials, and molecular biology.
• The Company is utilising over $150 million of sophisticated chip building...
Nice to see the capper in place at 85 today. Breaks that and we're going to... wait for it, oNE DOLLAR... With a great track record of progress with their Q chip, might AXE turn to shine in the semi conductor space.
Archer Materials Ltd. focuses on developing and commercializing global industries of quantum technology, human health, and reliable energy. The company was founded on February 16, 2007 and is headquartered in Adelaide, Australia.