(Abaxx Technologies — NEO Exchange) — Swing TradeAbaxx Technologies IncNEO_DLY:ABXXSwingTraderKev💰 ABXX — Swing Trade Breakdown (Clean TV Idea Format) (Abaxx Technologies — NEO Exchange) 🏢 Company Snapshot ABXX is a next-gen commodities + carbon exchange platform builder, gaining attention after a massive multi-month momentum run fueled by regulatory milestones, rising carbon-credit market interest, and speculation around exchange approvals. The stock just pulled back sharply into a major trend support zone. 📊 Fundamentals • P/E: N/A (pre-revenue; still in buildout phase) • P/B: High relative to traditional exchanges — typical for early-stage fintech/exchange plays • Debt/Equity: Low – lean capital structure • ROE: Negative (expected for pre-revenue) • Dividend: None — pure growth story • Free Cash Flow: Negative — early-stage burn • Cash on Hand: Solid runway based on last filings Fundamental Summary: Speculative early-stage exchange platform with a clean balance sheet, strong regulatory tailwinds, and no traditional valuation metrics. 📈 Trends & Catalysts • Revenue: Pre-commercial; future-driven • EPS Trend: Negative but stable • Cash Flow: Controlled burn • Balance Sheet: Light debt + strong cash reserves • Catalysts: – Pending exchange approvals – Growth in global carbon markets – Launch updates for LNG + carbon futures platforms – Regulatory news • Risks: – High valuation for pre-revenue – Volatility and liquidity swings – Regulatory delays – Broad-market risk-off selling 🪙 Industry Overview (Condensed) • Weekly: Slight pullback — profit-taking across speculative growth • Monthly: Strong trend intact — rotation into alt-exchanges + carbon exposure names • 12-Month: Significant outperformer vs fintech + carbon peers due to regulatory catalysts and momentum inflows 📐 Technicals • Price: ~41.80 CAD • 50-SMA: ~39.70 — primary dynamic support • 200-SMA: Far below — long-term trend very strong • RSI(2): Oversold near extreme levels — classic RSI2 pullback • Structure: Strong uptrend → parabolic extension → hard pullback into 50-SMA retest • Support: 39.50–40.00 (major level + SMA50 confluence) • Resistance: 50.30 (TP1), 56.00 (TP2) • Volume: Elevated on the pullback — emotional selling likely exhausted 🎯 Trade Plan • Entry Zone: 40.00–41.50 (SMA50 retest + horizontal support) • Stop Loss: ~39.50 (below the trendline + key structure) • Target 1: 50.30 • Target 2: 56.00 • Risk/Reward: ~2.0–2.5R depending on entry • Alternate Setup: If price fails the SMA50, wait for a reclaim above 43.00 to re-trigger the long idea. 🧠 My Take ABXX is still in a powerful uptrend despite the hard pullback, and the confluence of SMA50 support + RSI2 oversold + prior breakout zone makes this a textbook mean-reversion swing. Volatility is high, but so is the reward. As long as the 39.50 level holds, the bull structure remains intact. The 2:1 R/R into 50–56 is realistic.