Very Bullish Chart!AXL charts looking very bullish indeed!!! Just blew through last tiny bit of resistance at $1.20....with volume significantly up. I'd say we're in for some free and clear sailing ahead ...as we march onwards and upwards.
https://www.stockta.com/cgi-bin/analysis.pl?symb=AXL.C&num1=2&cobrand=&mode=stock
Stocks very cheap....trading at just over half book value...and lot's of talk out there about all the cash the former oil and gas trusts have for what pundits predict will be a big buying spree of juniors in the coming months/year...to juice their growth prospects...since they've all converted back to corporations. AXL's gotta be on a couple of these bigger boys radar!
Regardless...stars do look like they are starting to line up for AXL.
- Guessing we've got to look forward to more good news coming from our cardium oil play soon
- big winter blast we're expecting may give us another lift
- and concerns about contagion across North African countries...who are very BIG NG producers with large liquid NG plants...have to also be factored in.
Oh...and let's not all forgot about all that massive insider buying/accumulation that has been going on these past several months!!!!
So... i'm thinking we have several potential near term catalysts to look forward to :)
Happy investing and GLTA longs!