Doubling of share price for Axiom Mining?

by Michael Gable

Axiom Mining has formed what appears to be a cup and handle formation. This is when a stock rounds out at the bottom, moves higher on better volume, and then consolidates. A breakout of this pattern (which appears to be happening right now) can see the stock rally by an amount equivalent to the depth of the cup. This therefore gives us a projection up towards $0.05.

Disclaimer

Disclaimer: Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.
 

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