AXTI a penny stock in the semi-conductor supply chain business saw a great price gain this past
week going more than 65% The call options ran 2000% on Friday along. On the 15 minute chart,
I see signs it is in high overbought territory and setup for a reversal. Price fell below the longer
of the two paired Hull Moving Averages which death crossed. The price...
“2020 was a year of solid improvement for AXT, capped off by strong indium phosphide growth, particularly in 5G, in Q4, which is typically a seasonally down quarter,”
Revenue for the fourth quarter of 2020 was $27.0 million, compared with $25.5 million in the third quarter of 2020 and $18.4 million for the fourth quarter of 2019.
Gross margin was 34 percent of...
MACD is about to cross and the closed above the .23 fib after testining the .38 fib. Also the current price is right near the POC line which should make for a low risk entry. $11.69 first target.
1) Massive volume yesterday and heavy volume so far today
2) day not over yet but probably closes above 5 month rectangle resistance (blue line on chart)
3) Also breaking above weekly down trend line (red line on chart)
4) $6 price level tested 6 times
looks like a good long trade setting up. A bit volatile stock with wide moves. Size your shares appropriately.
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...
If more bad news come out of the trade wars news front and this wafer producer could see a nice pull back to a key support area. Could provide a nice short term short trade if earnings come out negative.
Telecom build out in 2nd half or 2018 has been confirmed by multiple companies to be primed and heavy. First report of year is seasonally week and reflected across sector. AXT is traditionally conservative with forward looking statements, so beats are regular and plausible. New factory is almost completed and 3D Sensing capability has already been confirmed for...
Here you can see a clear left shoulder and head so we are just waiting tfor the right shoulder to be fully completed. Then, the market should be in downtrend. wait for confirmation.
