Two down, one to go for AXU (tomorrow needs to open below $2.16 and then close above $2.17 to form a textbook three white soldiers reversal).

Yesterday also saw an outside day up (i.e., a bullish engulfing) candle at the end of a huge decline.

The 14 day RSI is also coming out of an oversold level that has only been matched or exceeded 3 times in the last 5 years.

The MACD is as low as its has been over the last 5 years except for the covid crash, and is on the cusp of potentially turning up.  And the stochastics are overdue to come out of oversold after spending an absolutely ludicrous amount of time at oversold levels.

(On the weekly chart we are also currently back inside a green Ichimoku cloud as of today.)

Maybe I am jinxing AXU.  Tomorrow is not the end all be all, but it would be nice to get our third white soldier.

I’m done posting for a while.  Maybe I am too bullish or “dogmatic,” but so be it.  I’ll touch base again in October.  Personally, I think we’ve seen the lows across the sector.  Over and out and good luck.