APX was clearly overheated in a strong parabolic rise. That's not to say if I held APX I would have sold before today's fall. But APX was clearly over extended for a new buy prior to today's fall. Some professional trend traders sell partials when a stock is relatively over extended.
As with all stocks, a trailing stop loss is essential. There are different methods when applying a stop loss. None of them are perfect. Stops like everything else in trading is a compromise. Some current stop loss levels for APX:
Guppy count back line: $22.52.
3 x 14-day ATR: $22.05.
Stockradar (Melbourne) currently have a $21.15 trailing stop loss in place for their clients who own APX.
Trailing stop losses are essential for protecting the bulk of any open profit.
APX was clearly overheated in a strong parabolic rise. That's...
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Last
62.5¢ |
Change
0.015(2.46%) |
Mkt cap ! $138.5M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.5¢ | 61.5¢ | $911.1K | 1.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9900 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 125395 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
61.5¢ |
Change
0.015 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 62.5¢ | 63.0¢ | 61.5¢ | 439368 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| APX (ASX) Chart |