Reading charts during tax loss selling time is always difficult. The filings say no more shares out on AXTG--but I believe the selling you see at the bid in the last few trading days of a year is always due to tax loss selling--absent dilution. All weak stocks in micro cap land get weaker near the end of the yar.
After it ends in a few days, many of these oversold micro-caps have a tendency to rebound when the selling side stops.
AXTG is just one of many attractive plays now. Been watching RFMD too. PINN etc.