Hi everyone it has been another good week and APX is getting ready for a breakout to the upside.
The stock is forming a bull flag pattern, which is a bullish continuation pattern.
The pattern is characterized by a sharp uptrend followed by a period of consolidation. The consolidation period is where the price is now.
The next stage in the cycle is the breakout, which I believe is likely to occur within the next week.
Based on the bull flag pattern, I believe that APX is likely to break out to the upside and reach a price of $4.50 or higher within the next week.
Here are some reasons why I believe that APX is likely to break out to the upside:
- APX is trading above its 200-day moving average, which is a bullish indicator.
- APX has positive relative strength, which means that it is outperforming the overall market.
- APX has high trading volume, which indicates that there is a lot of interest in the stock.
Best looking chart on the ASX, page-167
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add APX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.00 |
Change
-0.215(17.7%) |
Mkt cap ! $223.0M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | 99.0¢ | $33.62M | 31.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 117991 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 69030 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |