AXS looking for support

9 thg 1, 2022

AXS has pulled back to the 200 EMA and is looking for support. I don't see an obvious Trend Support line, so I'm looking to the Supply Zone (area where a lot of trading has taken place in the recent past) to provide a respite for the bulls. We've entered my "buy zone" but I want to see divergence/confirmation before I consider an entry. Sellers appear exhausted so I'm expecting at least a short-term bounce at least up to resistance. Whether or not it can break that resistance, I'm not sure.

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These are my personal views and not financial advice. Please do your own research before investing.

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