$AXE on the ASX - Falling wedge breakout
Falling wedge breakout on $AXE looks to be a reversal in the current market conditions. Still a somewhat conservative target for short-medium term trade given macro environment, however, I believe this is a great entry point for a long term investment for those who believe in the quantum processing/computing space.
Archer have recently had a patent on a qubit processor in Australia and a number of other countries, can look very promising for long hold if this reversal falls through
Could play this trade or sit on the stock for 5+ years for multiples
Archer have recently had a patent on a qubit processor in Australia and a number of other countries, can look very promising for long hold if this reversal falls through
Could play this trade or sit on the stock for 5+ years for multiples
Yorum:
Widened the wedge as it followed trend, new line breakout as high interest in tech indices. Targeting the 2.618 Fib level and $1
Yorum:
Took off 50% position at $0.98 - observing next move from here