Replies to post #45510 on Exxe Group Inc (AXXA)

[Legster1969]

Does he really have to explain that after that gigantic post that was stickied? Come on.

[Smilin_B]

Just from a basic charting standpoint alone, the stock is grossly oversold and has already set in it's low.

AXXA has risen from .0006 to .35/share in April.

So here we are at essentially .02 - .03/share and people are actually willing this lower?

I began round 1 of my "scaling in" strategy for this stock last week.

I anticipate another break thru the .034 resistance this week then a nice support build @.04/share and trend reversal up thru it's ma's where it should begin a new base at $0.10 a share

Not a bad short-term profit if you enter in the low .02's or lower ( if that opportunity presents) or you buy the .034 break and average up once it closes at/above .04 support for several sessions.

In my opinion.