TaPlot

$AXTI 5 Month #Rectangle #ChartPattern

Long
NASDAQ:AXTI   AXT Inc
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.

✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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