Bearish Aussie market penny stockpick #1 before Easter !You know Australia stock market is a pretty bad.
Only 154 Buys out of 2027 Aussie stocks.
Today's stockpick is Axsesstoday (ASX:AXL)
Let's see some previous history data by VectorVest:
28-Mar-18 RT: 1.46
27-Mar-18 RT: 1.46
26-Mar-18 RT: 1.46
AXL.AX has a current Value of $4.14 per share estimated by VectorVest, which is undervalued compared to its Price of $2.39 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
Although the RT values are pretty flat, we still see some strong demanding by technical analysis.
If you have VectorVest ready, go to Midas Touch graph. We need only 3 lines:
MA Stop (10), MA Stop (65), and MA RT (40). Don't forget to set the timeframe into 3 months only.
Well, I know you are happy to see that graph.
Today it gained 14.35% and break the black resistance trend line. What a strong uplift !! Yeah !
We recommend to BUY and short term goal to reach $2.70 where it found a stronger resistance trend line.
Stop loss as suggested by VectorVest is $2.04, but our technical analysis stop loss is 1.95 (slightly under demand zone) and MA (40).
Ichimoku traders can buy and hold as the tenkan-sen & kijun-sen just crossovered.
