MACD cross recently and the ADX is showing a relatively strong trend around 25 with the D+ well above D-.
The two most recent candles are very bullish. The most recent making a wide ranging hammer that closed above the .38 fibonacci level and the 200 SMA. OBV is rising, confirming price action.
AXLA has a relatively strong NEGATIVE correlation to all 3 major indexes so this could offer some green days in the event of further downside in the broader markets.
Looking at the 200 SMA for support and targeting:
$2.91, $3.26 and $3.76
The two most recent candles are very bullish. The most recent making a wide ranging hammer that closed above the .38 fibonacci level and the 200 SMA. OBV is rising, confirming price action.
AXLA has a relatively strong NEGATIVE correlation to all 3 major indexes so this could offer some green days in the event of further downside in the broader markets.
Looking at the 200 SMA for support and targeting:
$2.91, $3.26 and $3.76