Axos Financial Inc

AX is in a Stage 2 advancing environment underpinned by a Lockout Rally that signals short covering-driven demand and a bullish medium-term bias. Despite extreme overbought readings, the Lockout Rally override justifies immediate participation. Price is finding support at rising EMAs on shallow pullbacks, aligning with higher highs and higher lows. Buy now, using pullbacks into the rising EMA zone as structurally appropriate entry points.

• ↑Net loan growth of $1.6B in linked quarter; $2.6B pipeline
• ↑17% ROACE; net interest income +11.2% YoY to $125M
• ↓Credit loss provisions rose to $41M, raising asset quality concerns