Archer Materials Limited (ASX:AXE) A materials technology company developing materials in quantum computing, biotechnology,
and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong
intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique
materials inventory, and access to over $300 million of technology development infrastructure.
I see 2 Scenarios playing out, either
1.) Break out of Descending Triangle and shoot for a 16-40% Target.
-Previously Broken out of 2 very Similar Fractal Pattern Triangles.
-Recent Share Purchase Plan OverSubscribed.
-Recent Sale of Leigh Creek Project.
-4hr .382 Fib, 1hr .618 Fib Retracement levels held.
-MACD cross anticipation
-RSI Neutral
-Daily Support Holds
2.) Descending Triangle Completes and we aim for .5 Fib Retracement Support after a 570% Rise (Looking for the Rebound)
-10/20 EMA Death Cross (Heading for 50)
-Descending Triangle Pattern
-RSI Neutral
-MACD fails to cross and spreads
-Gap fills between .545 - .525
-Daily Support Fails
Eyes on...
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong
intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique
materials inventory, and access to over $300 million of technology development infrastructure.
I see 2 Scenarios playing out, either
1.) Break out of Descending Triangle and shoot for a 16-40% Target.
-Previously Broken out of 2 very Similar Fractal Pattern Triangles.
-Recent Share Purchase Plan OverSubscribed.
-Recent Sale of Leigh Creek Project.
-4hr .382 Fib, 1hr .618 Fib Retracement levels held.
-MACD cross anticipation
-RSI Neutral
-Daily Support Holds
2.) Descending Triangle Completes and we aim for .5 Fib Retracement Support after a 570% Rise (Looking for the Rebound)
-10/20 EMA Death Cross (Heading for 50)
-Descending Triangle Pattern
-RSI Neutral
-MACD fails to cross and spreads
-Gap fills between .545 - .525
-Daily Support Fails
Eyes on...
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!