$AXXA breaking of the descending wedge?OTC:AXXA on my watchlist for the break of this descending wedge pattern. Solid long term support at .0009, lots of upside.
AXXA trade ideas
Exxe Group AnalysisExxe group is targeting 100 million in revenue by 2023. Diversified into many areas including digital tech (cryptocurrency via 1Myles and NFTs). Recently added real estate holdings that may reach 100 million in value. Market cap of 26 million with 418 million shares outstanding. I expect $AXXA to push to $0.20-0.30 this year.
Axxa stock chart analyisUpon review bullish divergence can be seen indicating a change in trend after a very long downtrend.
mac d is on
price action is in a descending tringle and may break up or down.
AXXA closed up 2.17 percent on Wednesday, September 8, 2021, on 56 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
The Barchart Technical Opinion rating is a 100% Sell with a Average short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
be careful trading against trends
$AXXA Shares Keep Life Tough for ShortsExxe Group Inc (OTCMKTS:AXXA) has responded extremely well since our last piece.
But the fundamental dynamic hasn't changed: the stock is carrying shorts higher on strong performance data and scalable operations, and the trend in place isn't hard to see.
We first covered Exxe Group Inc (OTCMKTS:AXXA) about a month ago, when the stock was trading at approximately $0.02 per share. Our case was simple:
Here is a stock with too many complacent shorts shorting too many shares, especially given that the financial prospects of the company appear legitimate. AXXA has strong exposure to high-growth themes, including fintech and cryptocurrency. And its execution shows no significant holes, which sets up the potential for strong Q numbers when they hit.
All of that would suggest the potential for a squeeze under normal circumstances. But these aren’t normal circumstances. We are now trading a market thoroughly deadly for bears and shorts. The tape is littered with bear skins. Look at GME, TLRY, BB, AMC… the list goes on. Half the OTC could be on that list by now.
The playing field is sloped right now due to free commissions, stimulus checks, a rising tide, a Fed set on driving inflation even at the expense of bubbles, and a very mature bull market at the height of its euphoria stage.
Thematically, AXXA has real revenue growth in the MM range being driven by its newly established Bitcoin services segment when Bitcoin is the toast of Wall Street.
Just about in every single respect imaginable, this stock is a ticking time bomb for exposed, entrenched shorts. We said so a month ago. We would say that is actually still the case now… and perhaps more than ever.
Has a 500% intense face-ripping squeeze rally taught anyone a lesson? Apparently not. In the past 5 days, according to OTCshortreport.com, well more than half of all transactions in AXXA have been shortside trades.
$AXXA Makes Life Tough on the ShortsExxe Group Inc (OTCMKTS:AXXA) has exploded higher in 2021 as the company lines up new catalysts and starts to squeeze the shorts that have been camping out in the name. The action takes it above its major MA's and lines up a potential range breakout to new multi-year highs.
The company is diversified well beyond just bitcoin, but it has strong exposure here and is also a prime candidate for a short squeeze given the massive amount of shorting going on in the name over recent weeks according to OTCShortReport.com.
The company frames itself as a diversified corporation focusing on acquisitions in the following sectors: real estate, sustainable and digital technology, media, agribusiness, and financial services. Exxe Group is an acquisition-driven company. The Company strategy is to acquire controlling equity interests in undervalued companies and undertake an active role in improving their performance - accelerating their growth by providing both access to capital and management expertise.
Exxe Group Inc (OTCMKTS:AXXA) recently released a corporate update on its revamped UK-based currency exchange services operations. According to the release, AXXA is targeting first year revenue generation from 1Myle in excess of $15 million.
1Myle buys and sells alt currencies, including Bitcoin, taking advantage of price differentials. One of 1Myle's key advantages in the marketplace is its proprietary software which hedges currency fluctuations and books gains in fiat. The hedging operation allows the Company to continually profit irrespective of price movements or direction. As a result, corporate parent AXXA continually increases its net Bitcoin asset bases via 1Myle without needing to commit additional fiat currency.
Eduard Nazmiev, Ph.D., CEO and President of Exxe Group commented: "AXXA has been focused on building and acquiring financial technologies for several years. Our ability to launch new btc fiat exchange services comes at a time when interest in Bitcoin and non-fiat assets are growing around the world. 1Myle is the crystallization of an effort that will see a massive expansion of AXXA's capabilities and revenue generation capabilities."
Exxe Group Inc (OTCMKTS:AXXA) pulled in sales of $8.2M in its last reported quarterly financials, representing top line growth of 211.3%. That growth stands out given the attack over recent weeks by exposed shorts. Given its strong exposure to the Bitcoin theme, further gains in the cryptocurrency could help spark a full-on squeeze in shares.
