Axis Technologies Group Inc (AXTG)

[Prudent Capitalist]

This AXTG chart shows a few more things. The Volume by Price red bars on the left axis shows the prices and volumes. The long red bar shows the overhang where alot of buyers bought and sellers sold. A lot of times, people who bought in and see it go lower decide to get out when they break even. Hence, the potential for an overhang. When you get past these overhangs, the theory is that there is the potential for less selling.

Often. Not saying all the time.

But what is clear on this 1 year chart is that AXTG is right at the 200 Day Moving Average--which alot of chart traders like to see before they buy in on a break through the 200 DMA. Most people have heard of 200DMA breakouts. And the Money Flow Index has been rising too.

I know I am just talking technicals--and I know what the fundamentals need to be to really get things going. But it is just my opinion that the Fat Lady has not begun to sing on AXTG. And, I think that we sometimes forget that we may be most interested in sales etc., but everyone here have seen stocks run up on just traders getting in and they do not care what business they are buying into. But I am betting on some news coming out of the company that will satisfy both the investors and the traders.

Disclaimer: I could be wrong. Just like everyone else posting here. LOL


[chart]bigcharts.marketwatch.com/charts/big.chart?symb=axtg&compidx=aaaaa%3A0&ma=1&maval=200&uf=32&lf=1&lf2=512&lf3=0&type=4&size=3&state=8&sid=2448808&style=350&time=8&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=4804&mocktick=1[/chrt]