There's a striking similarity with the SHMP chart in the following way >
>
> Both AXXA and SHMP blasted out of Bottom Bases in NOV 2018.
>
> SHMP quickly reached a Major Top of about .05 and then had
steep pullback to .01 then steadily moved back to .02+ By Early JAN 2019.
>
> AXXA took a little longer reaching a Major Top of about .035 in JAN 2019
then a steep pullback into March 2019 of about .0085 then has been
steadily moving back up to .017 to now MAY 2019.
>
> The point of this comparison shows IMO AXXA chart is right where SHMP
chart was in early JAN 2019 before it went on its incredible run of
.03 to .50+ in 3 to 4 weeks !!!
>
> While I don't think that exact scenario is ahead for AXXA
because the AXXA chart has taken more time to develop than the
SHMP chart did from NOV 2018 > I do think AXXA longs should be
considering a plausible scenario over the next 8 to 12 weeks where
AXXA could reach its APRIL 2018 Highs in the .15 to .30 range.
>
> This upcoming week will be a critical test to show if the above
scenario is going to play out. What we need to see is STRONGER VOLUME
than last week and a close by FRIDAY MAY 24 above .02+ closing near the top of the
weeks trading range. The coming FINS release and a PR or two about recent
new acquisition developments should provide the CATALYSTS
for a GREEN week ahead.
>
> Good Lock to everyone exciting days ahead.
> Full Disclosure I'm currently long 2M shrs AXXA.