AXLUSD 1D - Rises above $0.70

AXLUSD 1D - Rises above $0.70

AXLUSD is a stock to watch. It had a continuous rise that took it to a maximum of $2.70. It is now trading at $0.60.

It has already overcome the downward trend and is settling its price to begin a new price escalation. It has to overcome the previous lower high at $0.70 to be ready for a bullish rally.

Before breaking upwards, it could mark a DOUBLE BOTTOM in the $0.40 area. Hence the importance of breaking the $0.70 levels and not losing the dynamic support.

The objectives are clearly marked.

This strategy can be executed with TradeX BoT when we finish developing it.

TradeX BoT (in development):

Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances… It allows you to easily establish SL (%), TP (%), SL Trailing… multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.

This tool is in the development process and the BETA will soon be ready for testing.

FOLLOW ME and I will keep you informed of the progress we make.

I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)