A couple of weeks ago I made an analysis on AXS where I discussed the bear-flag pattern it was trading in. After a final break out of the support area AXS fell quick and has reached both of my bearish targets.
In my view, AXS can still fall further and the bottom is not in yet. I'm looking at a $6.5 target for the coming weeks, potentially even $3.5 if we're going to see some kind of capitulation. $3.5 would make a decent case for a bear market bottom, but we'll see by then.
In my view, AXS can still fall further and the bottom is not in yet. I'm looking at a $6.5 target for the coming weeks, potentially even $3.5 if we're going to see some kind of capitulation. $3.5 would make a decent case for a bear market bottom, but we'll see by then.
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