Axos Financial Inc. 50-day SMA is moving above its 200-day SMA indicating a bullish trend.
Price Momentum
AX is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the...
Retest trend line for support then move to test for new ATH.
Stochastic, RSI, and Stochastic RSI are all turning upward showing a bullish push incoming.
A pattern called a bump and run where price over extends a lot but then returns to the strong trend line and accounts for the large rise
I have shown this bump and run with arrows on chart
Being at the long term trend line on this Weekly timeframe I would say that AX has bullish potential.
Very appealing setup on this cup and handle 3 month chart pattern.
1. Handle taking the form of rectangle consolidation
2. Handle forming right above 200 MA (bullish)
3. The cup and handle pattern boundary resistance is conversion with a long term weekly down trend line (red line)
A decisive daily close above $26 will confirm the pattern and the breakout and set...
An inside bar reversal signal has formed at key support level of 26.5.
The strategy is to buy under 30 and take 50% of profit @ 38 and the rest @ 45.
Stop loss should be @ 24.
Have a great day!
