Equity Oracle: 12/11/14


This is a stock that we did very well with last January. Once again AXAS is giving us a buy signal with two back-to-back bullish engulfing patterns. The stock is pivoting off of a well-established role-reversal support level that was drawn from my weekly candle chart. As you will see from the video, this support level not only gives us a place to enter into the stock but it also helps us identify the stop loss price, should it move against us.

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