Pick for 6/7/22

AXLA - MACD cross recently and the ADX is showing a relatively strong trend around 25 with the D+ well above D-.


The two most recent candles are very bullish . The most recent making a wide ranging hammer that closed above the .38 fibonacci level and the 200 SMA . OBV is rising, confirming price action.


AXLA has a relatively strong NEGATIVE correlation to all 3 major indexes so this could offer some green days in the event of further downside in the broader markets.


Looking at the 200 SMA for support and targeting:

$2.91, $3.26 and $3.76



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