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 disposable income due to the 2020/2021 EOFY tax returns.
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.