AXTI has built a good bottom and is looking like it can continue up. It is currently trading above both the 50 MA and 21 EMA on the daily chart. Support should be around 4.65 and resistance around 5.10-5.15. A good entry point would be either close to support or break of the resistance with a stop right under the support. Break of the MA would change my view of this chart.
Comment:
Broke my initial support levels. However, had a strong day yesterday. Wait until after earnings to see if it will continue up or down.
Trade closed: target reached:
got lucky with this uptick today.