Archer Materials Limited (ASX:AXE) A materials technology company developing materials in quantum computing, biotechnology,
and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong
intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique
materials inventory, and access to over $300 million of technology development infrastructure.
I see 2 Scenarios playing out, either
1.) Break out of Descending Triangle and shoot for a 16-40% Target.
-Previously Broken out of 2 very Similar Fractal Pattern Triangles.
-Recent Share Purchase Plan OverSubscribed.
-Recent Sale of Leigh Creek Project.
-4hr .382 Fib, 1hr .618 Fib Retracement levels held.
-MACD cross anticipation
-RSI Neutral
-Daily Support Holds
2.) Descending Triangle Completes and we aim for .5 Fib Retracement Support after a 570% Rise (Looking for the Rebound)
-10/20 EMA Death Cross (Heading for 50)
-Descending Triangle Pattern
-RSI Neutral
-MACD fails to cross and spreads
-Gap fills between .545 - .525
-Daily Support Fails
Eyes on...
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong
intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique
materials inventory, and access to over $300 million of technology development infrastructure.
I see 2 Scenarios playing out, either
1.) Break out of Descending Triangle and shoot for a 16-40% Target.
-Previously Broken out of 2 very Similar Fractal Pattern Triangles.
-Recent Share Purchase Plan OverSubscribed.
-Recent Sale of Leigh Creek Project.
-4hr .382 Fib, 1hr .618 Fib Retracement levels held.
-MACD cross anticipation
-RSI Neutral
-Daily Support Holds
2.) Descending Triangle Completes and we aim for .5 Fib Retracement Support after a 570% Rise (Looking for the Rebound)
-10/20 EMA Death Cross (Heading for 50)
-Descending Triangle Pattern
-RSI Neutral
-MACD fails to cross and spreads
-Gap fills between .545 - .525
-Daily Support Fails
Eyes on...
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
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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.
Disclaimer
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.