After hitting resistance at 10c, AXT retreated on relatively low volumes in an attempt to trigger stops by the CO. Once all that free float under 10c was absorbed we pushed through and closed at 11c today. Now that final resistance is broken, and as long as the momentum continues, I am expecting further gains.
As always DYOR and this is not a recommendation to buy or sell any stock
Cheers
GF
Substantially Undervalued, O&G Situation in play, page-159
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