APX 8.60% 50.5¢ appen limited

APX Charts, page-1622

  1. 1,432 Posts.
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    This is a very simple chart I did on the weekend. Although I am long term believer, I am also of the opinion that there is room for some downside, especially in the context of a subdued NASDAQ. I think the price channel has pretty much shown potential movements very well over the last few months. Thus I think worst case scenario (extreme of extremes) of around $14 bucks (very unlikely). The likely truth of somewhere in-between 14-17 will be the bottom - leaning much more towards 17. But for most of you, just a bit of noise. Not advice - just a guess.






 
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