Buyers have come in at a higher low. AXL has been trading in a channel for the last couple of months. A good swing trade from 1.50 to just over 3.00 at prior resistance. I am long a small number of calls. We'll see how this trade plays out.
The market in general is acting very indecisive. 5% decline one day and 5% gain the day after, makes for a lot of chop. Defense and discipline.
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