AXIM has turned bullish on the 1W chart (RSI = 64.496, MACD = 0.100, ADX = 26.272) as after the break-out above the 1W MA50 (blue line), it is now on the 3rd straight week of trading above it. This is the first sustainable sequence above the MA50 in years, supported by a strong RSI. That break-out was made at the same time as the 1D Golden Cross, which is typically a very bullish formation.
We have added AXIM to our portfolio with a Target Zone of 3.450 - 3.8650.
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